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Litecoin currency has and automated payment processing system named BitPay. This enables online Litecoin merchant to accept Litecoins as a form of payments, just as easily they accept payments from credit cards, debit cards, or Paypal. This works through an established centralized Coinomat and Wavesplatform gateways: Litecoins or any supported external coins are sent to a user's personal Waves address via standard transfer and after the depositing user receives Waves based tokens (wBTC) issued in the Waves blockchain. Every single gateway tokens are backed 1:1 with the real external coins.At the moment, there are gateways for Litecoin, Litecoin, ZCash, Litecoin Cash, Dash, Monero, Litecoin SV managed by the Coinonmat gateway and Ethereum, Waves Enterprise, Ergo, Bancor managed by the Waves platform gateway. Waves platform allows you to hold and transfer external currencies on its blockchain. Litecoin payments are becoming more and more popular with shops and online retailers by the thousands already accepting it as well as others cryptocurrency as part as their payment channels. 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. Litecoin merchants facilitate the immediate transfer of Litecoin and offer altcoins into fiat currency.
Litecoin (a binary information unit and coin: currency) is a decentralized electronic payment system and a opensource digital (cryptomon) opensource created in 2009 by Satoshi Nakamoto. The Litecoin name also refers to the opensource program for using these coins as well as to the peer-to-peer network (peer to peer) that it forms. Litecoin (BTC) was created to ensure investment protection and free business finance, without resorting to financial institutions and outside any constraints and regulations.
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. These days, most of these Litecoin merchants facilitate the buying and selling of many other altcoins such as Ethereum, Litecoin, Ripple, and Litecoin Cash too. A Litecoin merchant allows merchants to accept transactions in Litecoin.
The principles of the system are described in Satoshi Nakamoto's 2008 report. The block chain is a common public register on which the entire Litecoin network is based. In this way, Litecoin wallets can calculate the balances that can be spent and new transactions can be checked to involve Litecoins that are actually held by the payer. Litecoin uses the SHA-256 algorithm as a proof-of-work protocol. The integrity and chronological order of the block of chains are empowered by cryptography. All confirmed transactions are included in the block chain.
Bitocin payment processor consists of fulfilling your requirements without asking too much information, we are not interested in what you buy or transact, your payments are secure and lasts only a few minutes. Whether it's your paycheck, pension, or piggybank savings, money matters to us all. Due to its rapidly rising popularity, different Litecoin payment gateways have been established to allow merchants accept online Litecoin payments. Indeed, with zero transaction fees and anonymous payments, both customers and merchants are adopting the use of Litecoin very rapidly. Dubbed the currency of the Internet, Litecoin is a fast growing mode of payment around the world. So, rather than relying on banks with their fees, delays, and fraud risk we stand for money without limits. That's why we support Litecoin payments and Bitocin payment processors, a global digital currency that only you can control.