Litecoin to create its own payment processor LitePay

Litecoin Foundation has stated that the launch of a huge payment processor is to be announced soon and LitePay will open up signups in February of 2018
22 December 2017   16730

Litecoin Foundation has made an announcement on December 22 stating that the launch of Litecoin own payment processor LitePay is coming on February 26 and that it currently is in private beta.

  • Possibility to accept Litecoin payments for business. Users can use LitePay's retail, ecommerce, billing, and donation tools to accept payments from customers anywhere on earth
  • Ability to receive settlement from Litecoin payments directly to the bank account in your own currency, with zero price volatility or risk
  • Ability to manage Litecoin finances in one application with the secure open source wallet by Litepay, which will be available for all major mobile and desktop browsers
  • The LitePay card will let users load dollars using any Litecoin wallet with 0% fees and get instant withdrawals from VISA compatible ATMs and spend with any VISA merchant

At the moment of press, these are main market parameters of Litecoin:

  • Average price: $193,06
  • Marketcap: $10 506 435 614
  • 24h volume: $1 771 130 000

Lite.IM Beta to be Released

Lite.IM will allow users to interact with Litecoin blockchain using text commands through a special API-system
09 August 2018   493

Developers of the Zulu Republic blockchain project presented Lite.IM software that allows users to make transactions in the Litecoin network using SMS messages and the Telegram messenger.

Zulu Republic is convinced that Telegram is the safest messenger and provides all the necessary opportunities for testing the concept before launching SMS payments.

Representatives of the project emphasize that a lot of people live in countries with limited access to the Internet, under conditions of strict censorship by political regimes, without access to financial services. In addition, 64% of the world's population owns mobile phones, but only 33% have smartphones. This is the reason why Zulu Republic is convinced of the need to link SMS messages and Litecoin blockchain, not relying on the availability of the Internet.

By opening the world of cryptocurrency to these underserved and vulnerable populations, we aim to provide a degree of financial agency, autonomy, and (perhaps most importantly) security that they’ve been denied up until now.

Zulu Republic

Lite.IM will allow users to interact with Litecoin blockchain using text commands through a special API-system. At the moment the community already has the opportunity to use Telegram-bot to check balances and send Litecoin to LTC-addresses or e-mail. The solution is written on JavaScript. More info is available at GitHub.

The creator of "digital silver" Charlie Lee is convinced that the bear market allows us to focus on developing solutions for mass adoption of technology.