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   2013

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.  

Binance to GBP Fast Payments & LTC Contracts

Today Binance supports more than 20 fiat currencies through and the LTC / USDT perpetual contract will be launched on Jan 9 at 8:00 UTC
09 January 2020   175

This Wednesday, Binance Exchange announced the start of cooperation with the Banxa service, which will allow its users to buy cryptocurrencies for Australian dollars, euros and British pounds.

Payments in pounds are made through the Faster Payments (FPS) system, which provides an almost instant transfer of funds. FPS is a British banking initiative that allows you to reduce the transfer of funds between different banks from three business days to several seconds. Exchanges such as Coinbase and Coinfloor already work with the system.

Banxa allows crypto exchanges, wallets and other crypto platforms to offer instant fiat to crypto conversions. With only one integration, our partners benefit from both local and global payment options while Banxa takes care of all regulation, compliance and chargebacks. We are very delighted to welcome Binance into our growing ecosystem of partners and look forward to working closely with the team at Binance.

 

Holger Arians

Banxa CEO

Binance currently supports more than 20 fiat currencies through eight partners: Simplex, Koinal, Paxful, AdvCash, Papara, Flutterwave, Latamex and Banxa. Changpeng Zhao, CEO of Binance, previously stated that his company’s goal for 2020 is to support all 180 fiat currencies. According to the latest announcement, in the coming months their number will increase with the participation of Banxa.

In addition, Binance continues to actively expand the list of contracts available on its derivative platform Binance Futures. Only this week, the company announced the launch of contracts for XRP and EOS, and today a contract for Litecoin has been added to them. The LTC / USDT perpetual contract will be launched on January 9 at 8:00 UTC. When opening positions, users will be able to choose the desired shoulder size from 1 to 75x.