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Litecoin was created in 2011 using a similar framework to Bitcoin which was actually a fork of Bitcoin from the start. Litecoin set out to solve Bitcoin’s scalability issues and after a number of modifications, changes and new protocols, it went on to become popular with the community and is now often referred to as the “silver” to bitcoin’s “gold”.

Litecoin’s price history reveals it to be one of the best performing digital currencies with a stable price since its inception. This relative stability has given it a push in the right direction in terms of adoption as currency and has made it an attractive option for any merchant wishing to offer payment services as a Litecoin merchant processor.

Litecoin’s stability has been a big plus point and is one of the main reasons it is a permanent fixture in the top 10 list of cryptocurrencies. In parallel, there has been a rise in demand by customers wanting to use Litecoin for payments.

This has created a requirement for a payment processing solution with the ability to cater for individuals and businesses wanting to accept Litecoin payments. This is known as a Litecoin payment gateway, which is a decentralised payment platform enabling merchants to accept transactions in Litecoin.

Meanwhile, a Litecoin payment API will allow you to integrate and accept Litecoin payments on your website. This API connects a company’s checkout system to a payment acquiring network, allowing customers to make purchases from you without having to leave your website to process payments.

This type of payment infrastructure is highly advanced, providing additional features such as the ability to enable payments in your mobile app and access real-time purchasing data so you can make better business decisions. These are excellent ways to help drive your business forward.

Accepting Litecoin on your website will allow you to make the most out of increasing trends while catering for all your current and future clients’ needs. Providing a payment service is a sure way to attract new customers that will also differentiate you from the competition.

Getting started is a fairly easy procedure and the popularity and growth of Litecoin as a means of payment has made integrating a merchant account an obvious choice. All that is needed is an initial set up, and you can be on your way to accepting Litecoin and other cryptocurrencies in next to no time at all.

B2BinPay is one of the leading cryptocurrency payment gateways with solutions for Merchants and Enterprise clients. Businesses are able to use different payment methods and send, receive, store, exchange and accept cryptocurrency payments online, safely, securely and cost-effectively across the world in a few minutes.

With B2BinPay, merchants can offer their customers Litecoin and more as a payment option. A long list of features include low processing fees, no recurring fees, no hidden charges, real-time balance/transaction history, downloadable reports and secure checkout.

Enterprise clients can receive, store and send a large range of virtual currencies including Litecoin. A secure, reliable and scalable bitcoin wallets solution from a reputable, industry-leading bitcoin payment gateway. Features include secure API, automatic withdrawals to the bank accounts (if you need fiat currency) for clients and a sandbox environment for development teams, over 888 coins and tokens supported and advanced real-time reports, together with 24/7 technical support in 7 languages including English, Chinese, Japanese, Arabic, Spanish, Russian and Greek.

Integrating B2BinPay to facilitate payments in Bitcoin, Litecoin and other crypto payments globally makes perfect business sense. Its user-base includes an impressive 100+ cryptocurrency exchanges, forex brokers, online stores and a range of other merchants.

Open an account today and introduce a new payment mode that will benefit your existing clients, gain you new clients, save on costs and ultimately differentiate you from the competition! Start accepting bitcoin payments!