Aliant affirms Status as Litecoin’s Official Partner

Aliant Payments Systems, the US supplier of trade services and payment handling  declares it has passed into official partnership with the Litecoin Foundation 
05 April 2018   1643

The company is the first to officially accomplish the Litecoin Foundation’s registration process. That makes it the first official payments partner and Litecoin payments manager. Litecoin has endured a hard month or two with all the hype guiding up to the LitePay launch which was not successful. Prices surged and slid, then this week LTC has taken a beating with the rest of the altcoins.

This can be confirmed by some strongly needed good news for the Litecoin Foundation though it has had little effect. Aliant has worked in the sphere of payments for already 15 years, and the cooperation would let the Litecoin Foundation to promote an option for merchants searching for a reliable and approved payments processor. Aliant will be the encouraged variant to choose as it is one of the only firms to offer cryptocurrency possibilities in retail, ecommerce, and mobile environments. 

We are thrilled to be partnering with the Litecoin Foundation to bring a trusted, stable solution to innovative merchants who are interested in adopting cryptocurrency payments. We look forward to working together to bring Litecoin payments to mass adoption.

Eric Brown, CEO, Aliant.

Also, earlier this week Amex supported crypto trading app Abra and announced that it will be using Litecoin smart contracts as part of its payments algorithm.

However, Litecoin has been crushed this year and was one of the worse performing altcoins in March, dumping almost 40% over the month. At present Litecoin is trading around $120, down from $215 this time last month. The whole market is bear dominated and it will need a huge driving force to reverse this trend.  

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   123

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.