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| comment | | "parent_author":"",<br>"parent_permlink":"litecoin",<br>"author":"khudgabbar",<br>"permlink":"if-you-want-to-know-what-is-litecoin",<br>"title":"If you want to know What is Litecoin?",<br>"body":"Express. Home of the Daily and Sunday Express.express_logo\n\nSearch...\n\nFind us on Facebook\nFollow us on Twitter\nCheck us on Google+\nSubscribe to our rss feed\nDaily\nHoroscopeOur\nAppsTop\n10Our\nPaperPaper\nArchiveWeather2\u00b0\nLondon\n\nHOME\nNEWS\nSHOWBIZ & TV\nSPORT\nCOMMENT\nFINANCE\nTRAVEL\nENTERTAINMENT\nLIFE & STYLE\nCITY & BUSINESSPERSONAL FINANCETHE CRUSADERRETIREMENT\nHomeFinanceCity & BusinessLitecoin news: When does LitePay launch? Where will LitePay be accepted?\n Coronation Street spoilers: Rana devastated as Zeedan takes revenge in VERY unexpected way\nCoronation Street spoilers: Rana devastated as Zeedan takes\u2026\n Forget Bitcoin and Ripple: Trader reveals latest cryptocurrency to INVEST in today\nForget Bitcoin and Ripple: Trader reveals latest cryptocurrency\u2026\n Iskra Lawrence flaunts peachy derriere in boob-baring swimsuit as she frolics in shower\nIskra Lawrence flaunts peachy derriere in boob-baring swimsuit\u2026\n Spain hard Brexit PANIC as regions beg EU to save them from economic MELTDOWN\nSpain hard Brexit PANIC as regions beg EU to save them from\u2026\n 'Ripple is first in line' - CEO reveals next cryptocurrency to catch up with bitcoin\n'Ripple is first in line' - CEO reveals next cryptocurrency to\u2026\nsponsored by\nCity & Business News\nLitecoin news: When does LitePay launch? Where will LitePay be accepted?\nLITECOIN is poised to launch its exclusive transaction processor - LitePay - next week to consumers. But when does it launch and where will you be able to use the payment processor?\nBy AMANI HUGHES\nPUBLISHED: 18:58,<br> Sun,<br> Feb 4,<br> 2018 | UPDATED: 18:58,<br> Sun,<br> Feb 4,<br> 2018\n\t\n\t\n\t\n\t\n\t\n297\n\t\nEconomist Roubini: Bitcoin is the BIGGEST bubble in history\nPlay\nMute\n0:02\n\/\n0:46\nLoaded: 0%Progress: 0%\n \nFullscreen\nFacebook\nTwitter\nShare\nLitePay is the payment processor of Litecoin where retailers can accept Litecoin payments instantly from anywhere in the world.\n\nA Litecoin wallet will be available where users can load Litecoins onto a Visa-compatible LitePay card which will be supported worldwide. \n\nIt is an exciting launch that is expected to send the price soaring when it launches. \n\nRELATED ARTICLES\nHUGE Litecoin announcement \u2013 \u2018gamechanger\u2019 LitePay to launch in days\nCryptocurrency News: Bitcoin,<br> Ethereum and Ripple REBOUND\nWhat is LitePay?\nLitePay is the payment processor of Litecoin and it means businesses will be able to accept payment in Litecoin and the company\u2019s Litecoin-exclusive debit card from anywhere in the world.\n\nLitePay will allow businesses to accept Litecoin payments by instantly processing the payments that are settled directly with their banks.\n\nThe cryptocurrency is stored in a digital wallet where you can manage your Litecoin payments and activity and load the coins onto the LitePay Visa card. \n\nThe LitePay Visa card can be used wherever Visa cards are accepted and it takes the money directly from your Litecoin wallet. \n\nBusinesses will also be able to accept the cryptocurrency for payments as well.\n\nLitePay launch:Getty\n\nLitePay launch: When does LitePay launch in the UK?\nThe website states: \u201cThe service provides value to two fundamentally different kinds of clientele for two different reasons. \n\n\u201cFirstly,<br> it gives merchants an added incentive to begin accepting Litecoin because the payment processor assumes the risk of accepting the crypto - protecting merchants from market volatility. Secondly,<br> it gives Litecoin holder more liquify in the short-term with their debit cards.\u201d\n\nLitecoin will have much quicker transaction times compared to Bitcoin and significantly cheaper fees.\n\nBitpay - a Bitcoin and Bitcoin Cash transaction processor - charges consumer $5 dollars per transaction to make payments in Bitcoin which take a long time to confirm.\n\nIn comparison,<br> payments would be processed by LitePay instantaneously and settled directly with their bank. \n\nLitePay launch:Getty\n\nLitePay will charge a flat 1% per transaction compared to BitPay's $5 transaction fees\nWhen does LitePay launch?\nLitepay is expected to be released this week,<br> no official release date has been confirmed but it \u201cis on track for its February launch and is expected to be released for consumer use this week.\u201d\n\nThe transaction processor was initially made public just before Christmas by the Litecoin Foundation. \n\nIt has been called a \u201cgame-changer for Litecoin\u201d by Palwasha Saaim,<br> a Research Analyst at Lombardi Financial.\n\nShe said: \u201cIt would allow businesses to accept Litecoin without worrying about price volatility.\u201d\n\nRetailers do not have to worry about price volatility because the payment can be converted into dollars immediately.\n\nWhen businesses accept the cryptocurrency at a given price at a given time,<br> they will be paid that final value - they do not have to be concerned about any price changes. \n\nLitePay launch:Getty\n\nLitePay users will be able to load funds onto the Visa-compatible LitePay cards\nWhere will you be able to use LitePay?\nLitePay users will be able to convert litecoins to dollars and vice versa through the Visa-compatible LitePay cards,<br> which can be used at all cash points or business that support Visa payments.\n\nThe LitePay Visa card can be used wherever Visa cards are accepted and takes the money directly from your Litecoin wallet. \n\nLitePay will charge a flat 1% fee per transaction,<br> compared to standard credit card fees which are around 3% and the BitPay transaction fee of $5 dollars per transaction. \n\nCryptocurrency price: A year in charts\nTue,<br> January 16,<br> 2018\nCompare crypto currencies (Ripple,<br> Bitcoin,<br> Ethereum,<br> LiteCoin) on value,<br> market cap and supply for the past year\n\t\n\t\n\t\n\t\nPLAY SLIDESHOW\nBitcoin stock on virtual screen cryptocurrency graph. Business finance and digital technology concept GETTY IMAGES1 of 10\nBitcoin stock on virtual screen cryptocurrency graph. Business finance and digital technology concept\nCryptocurrency Stellar is an offshoot of Ripple\nThe EOS project is of great interest all of a sudden\nBitcoin is having a bad year\nEthereum is an open-source,<br> public service that uses blockchain technology\nRipple fell below $0.80 this morning,<br> sinking to its lowest price since December 22\nBitcoin Cash aims to to increase the number of transactions that can be processed\nWhat is Litecoin?\nLitecoin - which uses the acronym LTC - is a peer-to-peer cryptocurrency and was launched in October 2011 by engineer Charlie Lee.\n\n![ (https:\/\/steemitimages.com\/DQmQG2vwdF2AwjFNexwNPJGR4q57rbh9R4Y8zJtJw87wTnT\/image.png)\nIt was created as an upgrade to Bitcoin and was created through the original Bitcoin source and incorporated some of Bitcoin\u2019s code.\n\nLee created Litecoin to be the silver to Bitcoin\u2019s gold but the main difference to lie in the transaction speed.\n\nLitecoin is used to transfer funds directly between businesses and people without the requirement of intermediaries such as banks.\n\nThis process reduces any major processing fees involved with traditional payments and reduces delays in the payment process. \n\nThe cryptocurrency works within a decentralised network format known as Blockchain - a technology that allows for fast,<br> secure and transparent peer-to-peer transfer of digital goods,<br> including money. \n\nBitcoin and Litecoin were introduced around the same time. Bitcoin\u2019s creator Satoshi Nakamoto launched Bitcoin in 2009 and two years later Litecoin was introduced.\n\nIn comparison to Bitcoin,<br> Litecoin can confirm the legitimacy of transactions a lot faster and process a higher number of them within the same time frame. \n\nCryptocurrencies have a limited supply of coins - Bitcoin has 21 million coins in circulation and Litecoin has 84 million.\n\nAlthough the market cap of Litecoin is significantly lower than that of Bitcoin,<br> Litecoin still ranks within the top six cryptocurrencies at the time of publication.",<br>"json_metadata":" \"tags\":[\"litecoin\",<br>\"bitcoin\",<br>\"crypto\",<br>\"currency\",<br>\"market\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmQG2vwdF2AwjFNexwNPJGR4q57rbh9R4Y8zJtJw87wTnT\/image.png\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " | | comment_options | "author":"khudgabbar",
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