Although Bitcoin remains the most popular cryptocurrency in the crypto markets, Litecoin, which currently ranks inside Coinmarketcap’s top 10 cryptocurrencies by market capitalization, is another popular coin in the community.
To provide some background, Litecoin (LTC) was created in 2011 and was developed on the premise of fast confirmation times and low-cost transaction fees. Litecoin transactions are faster than other cryptocurrencies such as Bitcoin, generating a block every 2.5 minutes compared with Bitcoin’s 10 minutes. This means that payment reaches its destination faster.
Litecoin keeps a record of every transaction in its blockchain and is consistently amongst the top coins in terms of liquidity. Hence, it is more readily available for daily purchases and conversions into local currencies. Furthermore, its price history reveals it to be one of the highest-performing cryptocurrencies, with a stable price since its inception. These features have helped to elevate Litecoin towards becoming the new global payment standard for consumers and businesses worldwide.
Accept Litecoin Payments
Not surprisingly, Litecoin is an attractive option for merchants looking to offer cryptocurrency payment solutions. Merchants can provide their clients with the means to accept Litecoin payments via a cryptocurrency payment gateway – a decentralised payment platform which, as the name suggests, facilitates crypto transactions.
Becoming a Litecoin merchant processor in order to accept Litecoin payments allows businesses to capitalise on the increasing trends while catering for current and future client needs. Getting started is a fairly easy procedure, and after an initial set up, you can be on your way to accepting Litecoin, as well as other cryptocurrencies in no time at all.
B2BinPay is an all-in-one global cryptocurrency payment processor that allows businesses to send, receive, store, exchange and accept cryptocurrency payments online, safely, securely and cost-effectively across the world. Its broad user-base includes forex brokers, cryptocurrency exchanges, hedge funds, online stores and other merchants who use it for payment processing.
Along with Litecoin, B2BinPay accepts a whole range of coins, tokens and stablecoins including bitcoin, bitcoin cash, ethereum, dash, ripple, neo, nem, monero, B2BX and any ERC20 tokens. With B2BinPay, global digital transactions between parties are possible for a fraction of the cost of regular online payment gateways.
Solutions for Merchants and Enterprises
B2BinPay offers solutions for both Merchants and Enterprises. The company’s Merchant solution enables merchants to offer their clients a large number of coins as a payment option and has become a number one choice in the industry thanks to its large range of tools and features are on offer which include low processing fees, no recurring fees, no hidden charges, real-time balance/transaction history, downloadable reports and secure checkout. Crypto/crypto and crypto/fiat withdrawal methods are both available.
The Enterprise wallet for business solutions enables Enterprise clients to receive, store and send a wide range of virtual currencies such as Bitcoin, Ethereum, Ripple and Monero while enabling global transactions between parties for a low percentage of the cost of traditional processing solutions. B2BinPay offers a range of features with commission rates starting as at a low 0.5%, recognised as one of the lowest fees available. B2BinPay has become a highly sought after Bitcoin payment gateway by Enterprise clients due to high automation and transaction speeds of less than 20 seconds.
Set up and integration of the B2BinPay platform is a straightforward process with potential clients being able to connect easily and quickly via a single API.
Open an account today and start to accept cryptocurrency payments. Cryptos offer an exciting new payment method that will benefit your existing clients, gain you new clients, save on costs and differentiate you from the competition!