© 2020 All rights reserved. Anunturi, Reclame Gratuite in Romania
Home / Ads / Litecoin payment processor KYC
Litecoin (BTC) was created to ensure investment protection and free business finance, without resorting to financial institutions and outside any constraints and regulations. Litecoin (a binary information unit and coin: currency) is a decentralized electronic payment system and a opensource digital (cryptomon) opensource created in 2009 by Satoshi Nakamoto. The Litecoin name also refers to the opensource program for using these coins as well as to the peer-to-peer network (peer to peer) that it forms.
With Litecoin payment processor payments adoption, KYC would be minimized because all of the process would be as simple as accessing a blockchain based KYC system that is tied to a company owned IBAN. Litecoin payment processor payments would be a massive solution to problems of KYC, contracts and currency conversion for international payments specially. If a company needs to get paid anywhere in the world, it is a rather difficult process because depending on the size of the market and the strength of the currency in question, businesses lose millions of dollars in fees and conversion unnecessarily. Contract would be in the blockchain eliminating laborious checks and mailing and the money would not take days to be compensated back to the home country account: it would be available instantly which reduces risk and the need for factoring.
Litecoin payments are becoming more and more popular with shops and online retailers by the thousands already accepting it as well as others cryptocurrency as part as their payment channels. Litecoin payment processors facilitate the immediate transfer of Litecoin and offer altcoins into fiat currency. They allow merchants to automate these payments and provide a host of other tools and reports to help make the whole process as convenient as possible. This enables online Litecoin payment processors to accept Litecoins as a form of payments, just as easily they accept payments from credit cards, debit cards, or Paypal. Litecoin currency has and automated payment processing system named BitPay. This works through an established centralized Coinomat and Wavesplatform gateways: Litecoins or any supported external coins are sent to a user's personal Waves address via standard transfer and after the depositing user receives Waves based tokens (wBTC) issued in the Waves blockchain. Every single gateway tokens are backed 1:1 with the real external coins.At the moment, there are gateways for Litecoin, Litecoin, ZCash, Litecoin Cash, Dash, Monero, Litecoin SV managed by the Coinonmat gateway and Ethereum, Waves Enterprise, Ergo, Bancor managed by the Waves platform gateway. Waves platform allows you to hold and transfer external currencies on its blockchain.
Transactions of the form payer X sends Y Litecoins to payee Z are broadcast to this network using readily available software applications. The Litecoin blockchain is a public ledger that records Litecoin transactions. Litecoin is a decentralized electronic payment system and on open-source digital currency created in 2009 by Satochi Nakamoto, to ensure the protection of investments and the free financing by business without calling on financial institutions and outside any constraints and regulations. It is implemented as a chain of blocks, each block containing a hash of the previous block up to the genesis block of the chain. Litecoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. A network of communicating nodes running Litecoin software maintains the blockchain.
The integrity and chronological order of the block of chains are empowered by cryptography. In this way, Litecoin wallets can calculate the balances that can be spent and new transactions can be checked to involve Litecoins that are actually held by the payer. All confirmed transactions are included in the block chain. The block chain is a common public register on which the entire Litecoin network is based. Litecoin uses the SHA-256 algorithm as a proof-of-work protocol. The principles of the system are described in Satoshi Nakamoto's 2008 report.