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Litepay, How The New Payment System Works

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Starting next February 26, Litepay. the new payment system introduced by the Litecoin design team. will be officially operating.

In the intentions of the creators, this new platform will bring enormous benefits thanks to a secure and fast system that allows users to make immediate transactions anywhere in the world.

The main feature of this new international payment circuit is the issue of a card similar to a prepaid card, linked to the possession of Litecoin digital currency. The value contained in it will depend on the fluctuations in the exchange ratio with the real currencies, and will allow to make purchases and transfers to the same compatibility with the Visa circuit.

The blockchain technology, at the base of the Litecoin platform, will allow an instant transaction, negotiated by the system directly with the counterparty’s banking or financial institution, with a commission on every transaction of 1%: a competitive cost compared to the standard 3% required from traditional credit cards or 5% of the BitPay competitor circuit.

Shop and website owners will be able to accept Litecoin for their business:

Use LitePay’s retail, ecommerce, billing, and donation tools to accept payments from customers anywhere on earth.

Receive settlement from Litecoin payments directly to your bank account in your own currency, with zero price volatility or risk.

 

Furthermore, every user can turn Litecoin (LTC) into dollars and spend them wherever you want. The LitePay card lets you load dollars using any Litecoin wallet with 0% fees.

 

About the Company

LitePay was founded in 2017 to allow merchants the ability to accept Litecoin (“LTC”), the crypto currency for payments. In addition to offering merchant processing, we also provide Multi-signature wallets and a LitePay debit card which allows users to instantly convert LTC into USD. LitePay is based in San Francisco, CA and its services are available for use in all jurisdictions where not prohibited by law. We can be reached via email by clicking on the link below.

 

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