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   17403

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

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.