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   983

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.

New Exchanges opened in Thailand, Vietnam and Philippines

  The quantity of crypto exchanges is quickly growing: new platforms have been launched in Thailand, Vietnam and the Philippines
14 May 2018   173

Jibex (Thailand)

Crypto exchange Jibex has been opened in Thailand. The firm is supported by a distributor of computer hardware and IT trading products - IT company J.I.B. Computer Group Co. Ltd, with 150 shops. At the beginning, only 5 cryptocurrencies will be held: bitcoin, bitcoin cash, ether, litecoin, and ripple. More will be presented soon, according to Jibex CEO Thuntee Sukchotrat. A wallet supporting for those five cryptocurrencies is also suggested on the exchange.

Kenniex (Vietnam)

Kenniex has recently started in Vietnam, located in Ho Chi Minh City. The crypto exchange is declared to be “the first live cryptocurrency exchange in Vietnam…[and] the first e-money trading platform in Vietnam to have a trading office where investors can experience our services as well as receive effective investment advice,” according to the website. At present the clients can convert bitcoin and ether into VND and vice versa. The transaction fee is generally 0.4% but has been reduced to 0.2% for the first month of launch.

Coinvil (the Philippines)

This crypto exchange has not been launched yet at present. South Korean blockchain technology and services firm Glosfer and Coinvil have decided to cooperate in order to create and run a cryptocurrency exchange in the Philippines. Glosfer will found the platform while Coinvil will manage the exchange.