Accepting Litecoin (LTC) payments

Accepting cryptocurrency payments is becoming increasingly common among online retailers. Storing cryptocurrencies in a wallet is not something out of the realm of fiction but a new reality. You don't have to be an IT expert to enable customers to make payments for purchases in Litecoin.

Let's understand what it takes to enable users to use cryptocurrency (Ethereum, Bitcoin, Litecoin) to pay for your services and goods.

The benefits of accepting cryptocurrency as payment

Cryptocurrency is an "encrypted" currency that is mined or simply bought with regular money. Its popularity stems from the fact that it is independent of banks, it is decentralized, meaning it is stored on several computers rather than just one, and any transactions with it are recorded in a blockchain, meaning they are transparent and fraud is virtually impossible.

The user is not required to give personal information, there is no need to have a bank card, and it is possible to pay for foreign services with crypto. An important comment: if any amount is mistakenly transferred, there is no option of getting the money back - this is a side effect of the anonymity of the operation.

The use of cryptocurrencies goes beyond just storing funds. Processing includes large business investments, online shopping, business loans, and so on.

How to accept Litecoin payments on your website

Litecoin is somewhat inferior in popularity and value to Bitcoin. However, the number of daily transactions with it is steadily increasing. The project does not compete with bitcoin; it has its own niche.

To start accepting Litecoin or another cryptocurrency on the site as payment, you can use different means.

There are more complicated and simpler ways to connect cryptocurrency payments:
The best option is turning to the MEEG API platform and setting up Litecoin acceptance on your web site. The service charges a small commission for transferring LightCoin, Bitcoin, and other currencies but gives limitless possibilities for your business.
The setup process will take you no more than an hour. You'll need to create an account and link your ID to it in order to register online.