Customers of the online chain Newegg can now use litecoin (LTC) to buy hardware and electronic products from 6 countries in Latin America and other parts of the world. This possibility has been available since Thursday, July 29, when the Bitpay payment platform announced that it added support for altcoin.
The online shopping site operates in countries in North America, Europe, Asia Pacific , Middle East and in Latin America, particularly in Brazil, Chile, Colombia, Paraguay, Peru and Uruguay .
In a press release, Bitpay reports that Newegg is the first merchant affiliated with its platform to accept LTC as a payment method. However, the company has the expectation that other businesses will soon enable support.
By accepting LTC as a form of payment, Andrew Choi senior manager of online retailer spoke of the enthusiasm and the momentum around cryptocurrencies today . Therefore, he said that the company is so committed that its customers can use them to make their purchases online.
The alliance that exists between Newegg and Bitpay has facilitated purchases with bitcoin (BTC) since 2014 , in principle, for its customers in the United States and Canada. Then, two years ago, they expanded their base of operations in 73 of the 80 countries in which Newegg operates.
Bitpay , additionally accepts other cryptocurrencies, such as ether (ETH), XRP, Dogecoin (DOGE), as well as stablecoins USD Coin (USDC), Gemini dollar (GUSD), Paxos (PAX), DAI and Binance USD (BUSD)
For his part, Charlie Lee, managing director of the Litecoin Foundation, believes that the interest in cryptocurrency is focused on what it offers instant payments at low cost .
As indicated by the Criptopedia, the educational section of CriptoNoticias litecoin (LTC) is a cryptocurrency used in the p2p network that bears the same name and that is used as the unit of account in your ledger or blockchain. Its protocol is practically identical to that of Bitcoin, where it was born. The protocol software is open source and licensed by the Massachusetts Institute of Technology (MIT).