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LitePay and LitePal: Litcoins new platforms

articles have:

the development team of Kryptowährung Litecoin has announced the imminent launch of two platforms for the Litecoin network. LitePay and LitePal should be used both for payment processing and make the entire Litecoin transaction process easier. Already in February, at least LitePay start to go.

As Litecoin founder Charlie Lee via Twitter announced that the launch of two Litecoin-related platforms ahead this year: LitePay and LitePal. While the recording is already calculated by LitePay, for which there are already concrete ideas, for February, LitePal building still in distant stands – a time towards the end of the year will be targeted. the global adaptation of Litecoin is to push ahead

LitePay, allowing Litecoin transactions between companies from different countries. While the platform acts as a payment portal, on which payments are processed. With a payment fee of 1% all transferred sums converted promptly by the Fiat currency in Litecoin. In this way Litecoin payments are not at risk of high volatility. Supports LitePay through the Visa network and is where visa is used wherever possible.

Also LitePal set this year to launch go, there is an official blog already – even if this still doesn’t reveal much. The project is designed to provide a simple, safe and fast platform for bridging the gap between vendors and Kryptowährungen. The service should be used with PayPal, Western Union, Litecoin and Bitcoin.

Thus, the general trend of technical innovations in the crypto field continues. The development of LitePay and LitePal is however not a complete new country. For both applications, there are already existing platforms in the related Bitcoin network with BitPay and BitPal. Vice versa was been procedures with the activation of SegWit and the associated lightning network, virtually represented the test laboratory for the much larger Bitcoin community where the Litecoin network.


about Tobias Schmidt

 Tobias Schmidt is Tobias Schmidt since August 2017 as editor in the BTC ECHO working team. His studies in the subject of politics and Economics at the University of Münster signed with a Bachelor’s degree and was also active during his studies at the Department as a student assistant. In addition, he gained professional experience in parliamentary work and in strategic communication, before joining in the journalistic trade. Since 2017 he deals with the Blockchain technology, whereby it focuses in particular on the many different application possibilities in politics, economy and society.

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