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   1988

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.

Litecoin to Join Forces with Beam

MimbleWimble technology can be theoretically integrated into Litecoin
08 February 2019   468

Representatives of the Litecoin Foundation together with the developers of Beam  cryptocurrency are exploring the possibility of integrating MimbleWimble technology into Litecoin.

We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular LTC into a Mimblewimble variant of LTC and vice versa. Upon such conversion, it will be possible to transact with Mimblewimble LTC in complete confidentiality.
 

Beam Team

It is noted that further results of cooperation of the company will be reported in their official blogs.

Worth reminding, in January Charlie Lee reported on implementation of confidental transactions in Litecoin.