Litecoin Joins BitPay Payment Options
Crypto payment platform and the globally-recognized provider of bitcoin (BTC), BitPay, just revealed that it will start accepting Litecoin (LTC). This then means that firms utilizing BitPay will be able to accept the cryptocurrency as a form of payment.
The latest reports show that Newegg.com, which is an online-based retailer, will be the first merchant across the globe to accept LTC through BitPay.
This marks the first of such transactions that Litecoin Foundation believes there’ll be tons more in the future.
LTC’s founder Charlie Lee cited the crypto’s ultra-fast transaction times and incredibly low charges as some of the reasons why e-commerce giants like Newegg are embracing it.
Interestingly, Newegg was also among the first enterprises to approve Bitcoin payments about seven years ago. It is at that time that the e-commerce retailer created a collaboration with BitPay.
Initially, the Bitcoin payment was only accessible by customers living in the US and Canada. But with things having turned out so well, the company extended this option to its customers in 73 more countries in 2019.
Newegg’s Senior Brand Manager, Andrew Choi, remarked that the firm is thrilled to endorse early-adopter customers throughout the world.
This is primarily because Newegg is focused on introducing innovative technologies that improve customers’ online shopping experiences.
Besides, the firm also recently embraced the meme-inspired digital currency, Dogecoin (DOGE) in April this year. It’s around this time that Dogecoin was at its peak growth.
In total, there are 12 cryptocurrency payment options available on BitPay, and this is inclusive of BTC, LTC and DOGE.
Other market leaders supported by the platform are Ripple (XRP), Ether (ETH) and Bitcoin Cash (BCH), Wrapped Bitcoin (WBTC).
In addition, BitPay endorses stablecoins like Gemini Dollar (GUSD), U.S. Dollar Coin (USDC) and Paxos Standard (PAX).
Based on the latest discoveries, payments in Litecoin will be available starting from the summer of this year.