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Since then there have been several rapid rises and declines in a matter of hours. This kind of volatility means that business enterprises of all sizes need to ensure that any payments received in Litecoin are quickly converted into fiat currency to avoid any potential losses. Litecoin merchants facilitate the immediate transfer of Litecoin and other altcoins into fiat currency. They allow merchants to automate these payments and provide a host of other tools and reports to help make the whole process as convenient as possible.
Why to choose a Litecoin merchant ? LitePay platform allows website owners, developers and merchants to accept Litecoin and Litecoin easily without the need of submitting any kind of identifiable personal information. You could make a Litecoin payment for everything you want in just few minutes. Is easy, we don't ask you any personal data and you don't need to do any account. Are you tired of using Litecoin/Litecoin payment gateways and processors that require verification, signup for service or keep logs? We have a solution for that and offer such services with an emphasis on anonymity.
Litecoin is a limited currency — it is believed to be capped at 21 million Litecoins, only half of which have been released and are in circulation. Alas, advances are also being made in mining techniques. The process of mining is done by the use of a particular software that solves complex mathematical equations, resulting in the creation of Litecoins. As more Litecoin enters circulation, the more difficult it is to mine for them. Many hardcore Litecoin and crypto enthusiasts are also Litecoin and cryptocurrency miners.
You will then be able to manage your investments independently. You must first go to a Litecoin merchant that will exchange your euros for Litecoins or other crypto-currencies. The crypto-currencies like Litecoin attract more and more interest, thanks to their unique technology called Blockchain. Most of the time, the purchase is done by PayPal, credit card (instantly) or by bank transfer (24 / 72h). Simply select a service, register, and then purchase the virtual currencies you want.
If a company needs to get paid anywhere in the world, it is a rather difficult process because depending on the size of the market and the strength of the currency in question, businesses lose millions of dollars in fees and conversion unnecessarily. Litecoin merchant payments would be a massive solution to problems of KYC, contracts and currency conversion for international payments specially. With Litecoin merchant payments adoption, KYC would be minimized because all of the process would be as simple as accessing a blockchain based KYC system that is tied to a company owned IBAN. Contract would be in the blockchain eliminating laborious checks and mailing and the money would not take days to be compensated back to the home country account: it would be available instantly which reduces risk and the need for factoring.