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   14593

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

European Crypto Exchanges Launch P2P Platforms

Two crypto exchanges from announced plans to offer peer-to-peer cryptocurrency trading  
16 February 2018   132

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.