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.