Aliant Payment Systems earlier today announced they are offering Litecoin payment solutions to its merchants. The U.S based provider of merchant services and credit card processor now becomes one of the first payment processors to offer Litecoin payment solutions.
In a statement released today Aliant CEO Eric Brown said:
“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,”
He goes on to add:
“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 company partnered with NetsCents Technology Inc a company based in Vancouver to build up the processing platform. Despite feedback regarding a variety of coins, Aliant chose to add Ethereum and Litecoin because they are established, well-known, and stable.
Aliant expects the higher number of Litecoins to make it more attractive to buy small-ticket items using the cryptocurrency. Another attractive Litecoin feature is its SegWit upgrade, which helps to boost the capacity of its blockchain while speeding up settlement times and lowering transaction costs.
“We explained to the NetCents team what we felt a merchant needed to see on the platform, and their CTO, Medhi Mehrtash, was the engineer who made it happen. His team customized the platform based on the specs we provided, and now we look forward to showing our merchants what digital currency can do for online payments.”
On this development NetCents CEO Clayton Moore says:
“NetCents views the agreement with Aliant as more of a partnership rather than a supplier for services agreement, we believe that Aliant shares our vision of the evolving digital payment space and their strategy for introducing digital payments are in line with ours.”
In addition to being one of the first companies offering Litecoin payment solutions, Aliant also became one of the first payment processors to offer a Bitcoin solution to merchants in Q3 2017, with an Ethereum solution following in Q4 2017.
This news has created a lot of excitement around the Litecoin community with Charlie Lee, the Litecoin creator tweeting:
In the comment section below let us know what you think of this new development by Aliant Payment systems.