Litecoin (LTC) is a cryptocurrency built on the premise of quick confirmation times and low transaction fees. These features, combined with the increasing desire to have greater control over one's finances, are quickly propelling Litecoin towards becoming the new global payments standard for consumers and businesses worldwide.
Litecoin transactions are confirmed faster than other cryptocurrencies like Bitcoin because it generates a block every 2.5 minutes as opposed to Bitcoin’s 10 minutes. This means you get your money quicker.
Litecoin keeps a record of every transaction in its blockchain, which is near impossible to alter because of the way it is secured through miners and a high hashrate. Essentially, the ledger Litecoin creates cannot be altered.
Whether sending large or small amounts, Litecoin transactions have extremely low fees. On top of this, payment processing fees are far less than those incurred by credit cards and other forms of payment.
Litecoin is consistently among the top coins in terms of liquidity. This means it is more readily available for daily purchases and conversions into local currencies.
Whether you’re an online retailer, service business or anywhere in between, accepting Litecoin can transform your business. Download our Accepting Litecoin overview to learn more about cryptocurrency and how accepting Litecoin can impact your business.Download
Receive payments easily and leverage a multitude of payment processors to choose whether or not you want to hold the Litecoin or convert it into your local currency.
Litecoin’s blockchain technology maintains a record of every transaction, which is near impossible to alter. This keeps your payments safe from fraud schemes and bad actors.
No banking costs, integration is free and payment processing fees are significantly less than credit card and other payment processing fees. For customers, sending micro or large amounts has extremely low fees. It’s a win-win on both sides!
“As one of the top online gift card marketplaces, eGifter is always looking to take a leadership position when it comes to emerging payment options, which is why we've accepted cryptocurrency since 2013. Litecoin is an extremely quick and affordable payment option that's able to provide convenience for our customers while delivering sales that are free of the type of fraud we see in credit card transactions.”
Tyler Roye, CEO eGifter
“People were messaging us daily asking if they could pay with Litecoin. We decided that we would integrate Litecoin and after doing so we found out that 53% of our sales were purchased using Litecoin! Since accepting Litecoin, we have grown as a business, but more importantly, we are spreading power of Litecoin and crypto to those new to the space.”
"As the owner of the first stock video business for storm footage, implementing Litecoin for payments has made it easier to interact with a global audience and makes the payment process fast as lighting!"
"TapJets was founded on the premise of making it easier for people to book private travel. We are huge believers in the power of a great user experience and integrating Litecoin as a form of payment is an extension of that philosophy."
Eugene Kesselman, CEO TapJets
"With 75 vendors selling vintage goods under one roof, both the past AND future drive us. Litecoin is easy to accept, cheaper to process, and very secure which is critical for us, our vendors and customers. We like to say Litecoin allows us to "Buy the old with the new!"
Melissa Sands, owner Vintage Garage Chicago