Companies That Accept Litecoin as Payment
Most companies make it difficult for their customers with their payment methods. They are few, and some do not offer the security that crypto enthusiasts crave. While Bitcoin is the more popular cryptocurrency, Litecoin has many benefits to offer its users. It can be used for faster and cheaper transactions.
Litecoin can be used in the same places where Bitcoin is accepted (although it may be less common). There are certain drawbacks to using Litecoin, such as less support from retailers and limited usability in countries outside North America and Europe.
This post will cover companies that accept Litecoin and a payment gateway that can help merchants easily accept the cryptocurrency on their website.
What Is Litecoin and How Does It Work?
Litecoin is a peer-to-peer (P2P) digital currency that enables instant, near-zero cost payments worldwide. Litecoin has significantly lower transaction fees than Bitcoin, and its network has faster confirmation times for transactions.
Litecoin was developed as an alternative currency in 2011 by former Google employee Charlie Lee under an MIT license on GitHub. The founders of Litecoin tagged it the ‘silver to Bitcoin's gold’ and named it after one of the oldest known coins because of its fast transaction speeds and low fees.
Litecoin and Bitcoin have some similarities. Both are open-source initiatives that validate transactions via a proof-of-work (PoW) mechanism.
Should You Accept Litecoin as Payment on Your Website?
As crypto payments become more popular, not accepting them may be an outdated practice. But you have to consider the risks that come with anything crypto. The digital currency market is highly speculative and volatile. By the time you finish reading this post, the value of Litecoin may have moved up or down. That is why performing a market analysis and studying your favorite coin before venturing into the space is advisable.
If you decide to accept LTC after doing thorough research, know that there are service providers that make the process easy in today’s world. Hashbon is one of them. The platform is simple to use for both merchants & private individuals.
Who Accepts Litecoin? Companies That Accept Litecoin
Cryptocurrencies like Litecoin are becoming more popular as a payment method. And as a result, there’s a growing number of businesses accepting Litecoin as a payment option. If you want to buy goods or pay for your vacation trip and are wondering where to spend Litecoin, here, we’ll be listing a few options for you.
Travala.com
If you enjoy traveling and seeing the wonders of the world, Travala is the place to start.
Travala is a travel website that supports cryptocurrency payments. Travala accepts payments in a variety of cryptocurrencies, including LTC. You may use LTC to book hotel rooms, plane tickets, and even vacation packages worldwide.
The seamless and user-friendly payment system on Travala makes it easy to make purchases using Litecoin.
RE/MAX
Have you ever considered using Litecoin to buy or rent a home? London's real estate industry is flourishing, and the ability to rent out apartments using Litecoin is one indication that cryptocurrencies have entered the mainstream.
You can use Litecoin to purchase and rent premium properties through RE/MAX, a well-known global real estate company. RE/MAX London, the UK-based subsidiary of Re/MAX, reported in 2015 that it now accepts Bitcoin, Litecoin, and Dogecoin as payment for property rentals.
Twitch
Do you want to watch your favorite live streamer or gamer? Twitch is a popular streaming platform that allows you to watch streams and cheer content creators through donations. It allows you to show support with digital assets like Litecoin.
Popular Gift Cards You Can Buy With Litecoin
Cryptocurrency gift cards are a popular way to give the gift of Litecoin to friends and family. These cards can be used to purchase online and offline items from various retailers.
Some of the most popular Litecoin gift cards include:
- Gyft: Gyft is a leading digital gift card provider that allows users to purchase gift cards with Litecoin. Gyft cards can be used at various online and offline retailers, including Amazon, Target, and Starbucks.
- eGifter: eGifter is another popular digital gift card provider that accepts Litecoin. eGifter offers a wide selection of cards from popular retailers, including Amazon, iTunes, and Uber.
- Bitrefill: Bitrefill is a service that allows users to top up their mobile phones with Litecoin.
Where to Buy Litecoin?
Do you want to join the cryptocurrency revolution? You can buy Litecoin on crypto exchange platforms like Hashbon. Hashbon is a crypto platform that enables users to buy, sell, and exchange digital currencies. We also provide merchant services so businesses can accept payments in Bitcoin, Litecoin, and other altcoins.
Cryptocurrencies are the future of money, and we want to help you get on board. We believe in the power of crypto and want to make it easy for everyone to get involved. Whether you’re a crypto enthusiast or a business owner, Hashbon has something for you.
Register now and get:
- Ease of accepting crypto payments on your business’ site, protection against volatility, protection against money laundering.
- Low commissions, an easy-to-navigate interface for individuals & businesses
How to Accept Litecoin on Your Website?
Are you looking for a way to easily and securely accept crypto payments on your website? All you need to do is follow this step-by-step guide
Step 1: Create a crypto wallet.
There are two primary categories of crypto wallets:
Hot Wallets need connection to the internet. Due to network connectivity, they provide less security but greater accessibility. Mobile, web, and desktop Wallets classify as types of Hot Wallets.
Wallets that do not require internet access are known as Cold Wallets. These wallets offer better protection because your crypto assets are stored offline. Hardware Wallet and Paper Wallet are two examples of Cold Wallets.
Cold Wallets are more suitable for large funds, while Hot Wallets are better for holding small amounts of cryptocurrencies.
Step 2: Choose your preferred payment gateway.
One of the simplest methods to begin accepting Litecoin is to use payment processors. These services operate as middlemen between you and your clients, allowing you to accept Litecoins without dealing with the underlying technology.
Step 3: Add crypto payment options to your website.
After you've created your crypto wallet, it's necessary to incorporate one of the methods for accepting cryptocurrency online. This is where Hashbon React comes into play.
The platform allows businesses and individuals to accept crypto payments simply, securely, and in an affordable way. We make it easy for you to be among companies that accept Litecoin and Bitcoin as well as other cryptocurrencies. Sign up now and start accepting crypto payments on your website!
Frequently Asked Questions
- Does Amazon accept Litecoin?
Amazon announced that they do not intend to adopt crypto as a form of payment anytime soon. You cannot buy goods on Amazon directly, but you can purchase gift cards with Litecoin.
- Does Electrum accept Litecoin?
No, Electrum only supports BTC. They also haven’t announced the intention to adopt other altcoins.
- Does Newegg accept Litecoin?
In 2021, Newegg became the first e-Retailer to accept $LTC as payment.
- Does Overstock accept Litecoin?
Yes, Overstock.com accepts $LTC.