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What do you think the litecoin is mostly used to process online payments
- Thread starter Stardom22
- Start date
Litecoin doesn't have this complicated process of other coins. Like to pay USDT TRX need to pay for TRX and to pay for example Shiba Uni need ETH or to pay JMPT Tokens needs CELO or Polygon means need investing on two projects minimum to be able to make transactions this is why most online websites opt for it.
Litecoin has a block time of around 2.5 minutes, allowing each transaction to be confirmed more quickly, and transaction fees are low. that's one of the reasons why many platforms prefer to pay with Litecoin rather than Bitcoin.
It is not only one some others like dash or zcash or even matic or for example trx have fast load time means it reveals the popularity of this coin depending on the other coins.
You are right sis, many cryptos have transaction speeds with low fees, such as TRX, Doge etc. but Litecoin is considered part of Bitcoin and its price is more stable and is not easily manipulated by whales.
I think it about these two things where the transaction fees are low and each transaction is confirmed more quickly.
Even CELO has fast transaction time approval and fees lower than LTC itself where you use to trade JMPT task to CELO and then deposit to Binance or Coinex or Kucoin platforms for P2P transactions for example.
I believe it's important to focus on two aspects: minimizing transaction fees and ensuring faster confirmation for each transaction.
Nomad
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Litecoin is fast, you can receive payment in few seconds. Litecoin also has non existent fees
