Cryptocurrencies are still a hot trend in 2018. Despite massive losses across the board, the interest in this new form of money is not waning. As such, US-based merchant service provider Aliant now offers Litecoin payment support. It is a rather surprising turn of events, albeit a positive change. Whether or not any merchants will embrace this option, remains to be seen.

Aliant is quickly becoming a rising star in the cryptocurrency world. They effectively bank big on integrating cryptocurrency merchant support. So far, the company supported both Bitcoin and Ethereum payment solutions. Earlier this week, the company added Litecoin support to this list as well. It is a remarkable decision, although one that also makes sense. Unlike Bitcoin or Ethereum, Litecoin has always been cheap and quick in terms of transactions. It makes for a better solution for most merchants, but it remains to be seen how things will play out.

Litecoin is now Supported by Aliant

This new service is made possible with the help of NetCents Technology Inc based in Vancouver. Building a processing platform for Litecoin is not easy. With both companies working together, positive things are happening as we speak. The addition of both Ethereum and Litecoin was made due tot heir track record and stability. Bitcoin payments are the natural go-to option when venturing into the cryptocurrency world. Supporting more currencies can only be considered to be a good thing.

Aliant CEO Eric Brown states:

“Our merchants look to us for innovative ways to transfer money safely, securely, and cost-effectively. Cryptocurrency allows us to move money in all of these ways, while also offering consumers more payment options. We expect Litecoin to emerge as a prominent everyday payment option. Pay with Litecoin at restaurants, bars, gas stations, coffee shops, and other places that you go regularly.”

The big question is how many merchants will embrace cryptocurrencies. Bitcoin suffers from high fees on a regular basis. Ethereum is hardly ever considered to be a payment method in its current form. Litecoin makes a lot more sense in this regard. Existing Aliant users can enable this payment method as of today. It will be interesting to see how many merchants decide to make that choice. After all, cryptocurrencies are a niche product first and foremost.

Header image courtesy of Shutterstock


About Author

JP Buntinx is a 30-year old FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he is working to achieve the same level of respect in the FinTech sector.

Leave A Reply

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.