There is an opinion that the high volatility of bitcoin may well contribute to the adoption of Litecoin, especially if one considers that crypto-currencies and block-bones are very similar. Litecoin was originally created as a "cheaper" alternative to bitcoin.
The currency was created in 2011 by a former employee of Google, Charlie Lee, who decided to create a space for microtransactions, while bitcoin would be used for more expensive purchases. Six years later, Litecoin - the fifth largest crypto currency with a total capitalization of $ 17.24 billion and cost $ 317.21 per coin.
The difference is also in the number of coins - Litecoin's limit is set at $ 84 million units, in bitcoins - $ 21 million. The Litecoin network processes the block every 2.5 minutes, which is four times faster than bitcoin. This allows you to quickly confirm transactions. Litecoin uses the POW script, bitcoin - SHA-256.
Bitcoin, Litecoin and other crypto-currencies have existed since 2009, however they started to gain momentum in recent years, the increasing demand affects the price growth. In comparison with fiat, crypto currencies offer more opportunities. Their transactions can be more frequent, since the seller does not collect any data about the buyer, accordingly payments are confidential.
Transfers are made directly between the buyer and the seller and are checked once, which leads to much faster transactions. As we understand, ordinary money must pass through several institutions. Moreover, crypto-currency transactions are performed exclusively in the online space and allow enterprises to conduct international transactions quickly and inexpensively.
For this reason, in the near future, crypto currencies should become more in demand, for now, let's look at a list of 10 sites that accept Litecoin for payment.
10. Sean's Outpost
Outpost Sean is technically not a company or a site, it is a charitable organization. The site received Bitcoins and Litecoin from the very beginning, thereby providing homeless people in Pensacola, Florida with food and shelter. Crypto-currency enthusiasts provided support to Sean's Outpost several times, in 2013, 733 bitcoins were collected on the site. A year later, the organization appealed to the Litecoin community for help for the homeless, whose housing was flooded, which resulted in the attraction of 300 Litecoin.
9. Ellenet
In 2014, Ellenet became the first Australian company that began accepting payments in crypto-currencies. Ellenet is a provider of IT products, which at one time merged with Petabit, a company specializing in the mining of bitcoin and Litecoin. Together they planned to launch a specialized online platform that takes bitcoin and Litecoin.
8. Cryptopet.com
This is the first online store of clothes for pets and accessories that accepts crypto-currencies. In addition to Litecoin, cryptopet.com also accepts payments in bitcoins, Dash and, oddly enough, Dogecoin, crypto currency, which was launched as a joke. Despite the history of the creation of Dogecoin has reached a capitalization of $ 685.29 million.
7. Allthingsluxury.biz
Allthingsluxury.biz is a Canadian site through which jewelry is sold at wholesale prices. The company began taking bitcoin in November 2012 and even launched the campaign, offering a 20% discount on most items. A year later, allthingsluxury.biz also added Litecoin as payment.
6. Cheapair.com
This site offers air tickets, hotel reservations, car rental and accepts several forms of payment, including bitcoins, Litecoin and Dogecoin. In 2013, Cheapair.com became the first online agency that agreed to accept bitcoins, two other crypto-currencies were introduced in a year.
5. Btctrip
In 2013, Btctrip was created as an online travel agency for participants in the crypto-currency community, payments in bitcoins were made using BitPay. In 2014, the list of currencies expanded to Litecoin and Dogecoin, which was facilitated by integration with GoCoin.
4. Re / Max
Re / Max - a real estate agency in London, which allows people to buy and rent real estate, paying it bitcoins, Litecoin and Dogecoin. Since 2015, the processing of these payments was carried out by GoCoin.
3. eGifter
Online platform eGifter offers gift cards for popular resources like Amazon, eBay, Sporting Goods, Best Buy, etc. EGifter accepts payments in Bitcoins, Litecoin and Dogecoin, although not for all gift cards. This is a good solution that allows you to use the crypto currency for purchases on many popular sites, especially if you think that converting crypto currency into fiat is quite a troublesome occupation.
2. Overstock.com Inc (NASDAQ: OSTK)
This is the first large retailer who started taking bitcoins, and then added other crypto-currencies. Overstock.com Inc (NASDAQ: OSTK) is also developing its own crypto currency and plans to launch a trading platform.
1. Uber
In August, the popular Uber company appointed a new CEO, Dara Khosrowshahi, who, working at Expedia Inc., introduced payments in bitcoins for hotel reservations. Uber accepts payments in bitcoins and other crypto-currencies through third-party organizations. However, earlier this year, there were rumors that the company is testing direct payments to Litecoin. If the plans are real, then Uber will be the first company to start accepting payment in Litecoin, this will be a big victory for the crypto currency.
