• Breaking News

    Sunday, June 6, 2021

    Home Unlabelled Litecoin I´m working on an app for the community

    Litecoin I´m working on an app for the community

    June 06, 2021

    Litecoin I´m working on an app for the community

    I´m working on an app for the community

    Posted: 06 Jun 2021 12:48 AM PDT

    Litecoin x TAG Heuer. Silver dials forever.

    Posted: 06 Jun 2021 08:33 AM PDT

    Just integrated Litecoin for Payments into my App

    Posted: 06 Jun 2021 09:18 AM PDT

    I just integrated Litecoin as a payment method in my app. Here is why.

    For background, I'm an entrepreneur who used to work for a major cryptocurrency. So I know the different cryptocurrencies rather well.

    I recently started developing ploties.com, a premium chat app with in-app payments. Basically guys pay girls for chatting by the minute. I started the app with PayPal because it is an obvious solution. However, it is a true pain in the ass:

    • PayPal is taking a cut of 70 cents for a $10 deposit. That is 7%. My platform charges a 20% platform fee. Which is already a good chunk. I don't want to give away 35% (!!!) of that to PayPal just for the deposits.
    • Then PayPal also charges currency conversion and withdrawal fees. I have passed the withdrawal fees on to the creators. However in effect that is only increasing the platform fee from 20% to 23-27%.
    • Also PayPal has a lot of restrictions irt how it may be used. They do not want to be used for adult transactions and have the power to just shut down your account from one day to another. I do not want to be told by PayPal what I can do or feel like they own me. And that after they make more money from my platform than I do.

    Needless to say, I was looking for alternatives. Unfortunately all the major payment processors charge the same rates. Also they are a PITA to integrate.

    I knew that cryptocurrency would be the solution. My major issues with using crypto instead are still insufficient adoption to make them the only accepted payment method and potentially use case destroying fees (see BTC and ETH) as well as slow transaction times.

    However, I noticed that Litecoin pretty well fixes the latter two. I can currently send a transaction for less than 1 cent in 5 minutes. With a good mobile wallet it's almost as easy as using PayPal.

    While adoption remains an issue for the time being, I believe this is going to get much better over the coming months as more people buy cryptocurrency.

    Another reason why I chose Litecoin was that it is a major, well established cryptocurrency, which makes it widely supported on mobile wallets and cryptocurrency exchanges / gateways. Also it made integration so much easier for me because I could find a good third party API.

    Litecoin isn't very attractive or hyped up in the crypto space. And I do not HODL any. But it's fair to say: It's working and it's working well. It's fast, cheap, intuitive and established. That's why I chose to integrate it into my app. And if I am representative, then that should be a good sign for the future of Litecoin.

    submitted by /u/micro_hash
    [link] [comments]

    Cryptocurrency News - Hackers «Anonymous» declared war for Elon Musk

    Posted: 06 Jun 2021 11:37 AM PDT

    Litecoin x TAG Heuer. On the wrist.

    Posted: 06 Jun 2021 12:16 PM PDT

    Some remedy against China Crypto FUD! Open in Chrome and translate: https://www.btc-echo.de/news/geheimtreffen-in-sichuan-warum-china-bitcoin-mining-nun-doch-nicht-verbieten-will-120067/

    Posted: 06 Jun 2021 12:02 AM PDT

    where does most of the Litecoin community hang out?

    Posted: 06 Jun 2021 12:25 AM PDT

    and are there any community-led campaigns in place for increasing marketing/brand awareness, etc.?

    thank you

    submitted by /u/utdarsenal
    [link] [comments]

    LTC to btc address

    Posted: 05 Jun 2021 05:35 PM PDT

    Can someone help me get LTC out of a Coinbase.com btc address? Or do I have to contact Coinbase and have them do it because I don't own the private keys?

    submitted by /u/IamBadAtEFT
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment