New fee estimation to be tested in Litecoin network

Charlie Lee proposes miners to signal their min accepted fee in the block header
10 January 2018   1153

Charlie Lee is going to test his own ideas in Litecoin network.

Thanks to this solution, users do not have to determine for themselves what minimum amount of commissions they will need to pay for a quick confirmation of transactions. Instead, they will have available information from the miners, based on which it will be possible to calculate the median commission size for the last 100 blocks and indicate the amount that guarantees confirmation within the nearest blocks.

Since the minimum commission amount will be included in the block header, this data will also be available for wallets using the simplified payment verification (SPV) method.

Also, Charlie Lee added that in the next release of the reference client Litecoin, the minimum commission for transmitting transactions on the network will be reduced from 0.001 LTC / kb ($ 0.30 / kb) to 0.00001 LTC ($ 0.003 / kb). Transaction fees will then be reduced to 0.0001 LTC / kb ($ 0.03 / kb).

iPayment to cooperate with Aliant Payment Systems

iPayment, Inc., a payment provider for small and medium-sized businesses (SMBs), today announced a partnership with Aliant Payment Systems
23 May 2018   106

This new partnership will allow iPayment to facilitate digital currency acceptance for merchants and their channel partners. 

Our goal at Aliant is to be one of the first adopters and facilitators of cryptocurrency in the traditional payments space. Partnering with an established, quality organization like iPayment helps us achieve that goal. We are looking forward to mutually moving into a new territory of block chain and cryptocurrency and providing our shared clients with an alternative form of accepting and processing secure, cost-effective payment transactions.
Eric Brown
Founder, CEO, Aliant Payment Systems, Inc.

Aliant Payment’s Crypto Processing Gateway provides merchants with the possibility  to accept cryptocurrencies like Bitcoin or Litecoin, in both digital and card-present environments.

The payments landscape is always changing. iPayment is continually pursuing partnerships with organizations that not only anticipate these changes, but develop innovative solutions to address them – and that is exactly what Aliant has done. We’re looking forward to cultivating this partnership and introducing crypto payment acceptance to our channel partners and adding it to our overall product offering.
Denise Tahali
Senior Vice President, Partner Sales, iPayment, Inc. 

From this new product innovation, iPayment is aimed on small business enablement and delivering efficient services and resolves for business developments. Aliant also lets e-commerce and mobile vendors worldwide to adopt different payment forms, and it provides a complete line of credit card machines, ATMs and payment technology. 

With the help of this collaboration, iPayment can now supply Aliant’s Crypto Processing Gateway to partners and merchants who wish to accept these forms of digital payments.