Bitcoinpay to add support for Litecoin

Bitcoinpay payment service announced launch of Litecoin payments due to its faster confirmation and low transaction fees
07 January 2018   596

On January 6, Bitcoinpay has made an announcement stating that it is introducing Litecoin payment support as a necessary alternative to Bitcoin payments. As it was stated, Litecoin payments have faster confirmation and transaction fee costs a few cents.

Bitcoin and Litecaoin average transaction feeBitcoin and Litecoin average transaction fee charts

The users can start accepting Litecoin payments by registering on beta.bitcoinpay.com.
This beta version is stated to be built on a new API tailored for acceptance of various cryptocurrencies, advanced refunds, automated invoice extensions, and custom settings.

Beta functionality includes:

  • Zero processing fee till August 31, 2018 
  • IPN and email notifications
  • refunds
  • transaction history with sorting, filtering, search and export
  • settlement report
  • 2 factor authentication
  • API keys management
  • Instant conversion to FIAT currencies with next day bank settlement

Moreover, the company plans to maintain major changes including re-branding of new GUI and support of additional cryptos in the second half of 2018.

European Crypto Exchanges Launch P2P Platforms

Two crypto exchanges from announced plans to offer peer-to-peer cryptocurrency trading  
16 February 2018   83

The first exchange is Latvia-based Hodlhodl which launched in beta-mode its new P2P platform. The second one is Bulgarian Crypto.bg which is developing its own service that may replace the fiat medium with a token.

The Hodlhodl launched a beta version of its new platform designed to accommodate safe and secure peer-to-peer transactions of bitcoin and other cryptocurrencies. At the moment, users can open accounts and adjust them, and study available functionalities. Contracts are currently disabled but developers hope to complete the order book and launch them within a week.

At first, only BTC and LTC will be traded. The exchange will operate in beta-mode until July 2018 with 0% commission. After that, there will be applied a fee of max 0.6% per trade.
The P2P Bitcoin exchange will introduce contracts that will allow users to control their funds in escrow.

Hodlhodl offers support of native Bech32 Segwit addresses and P2SH-P2WSH Segwit multisig escrow addresses. The exchange services will be decentralized and no KYC or AML procedures will be applied.

The websites are available in English, in future other languages will be added. Also, it will introduce support for Lightning Network micropayments and other cryptocurrencies.

Bulgarian Crypto.bg has also announced that it is working on a P2P platform, after facing multiple issues with the traditional financial system.

This month the exchange announced that it is planning to trade Bitcoin on a new peer-to-peer platform that is currently under development.

The new system will offer the opportunity to trade through Cryptolevs backed by a certain amount of bitcoin “locked” in a public address. Bank transfers will be made on a peer-to-peer basis and banks will not be able to tell if such transactions are bitcoin-related.