Payment operator Aliant Payment Systems will be “friends” with LTC

The American company Aliant Payment Systems, a leader in providing users with payment instruments, announced an official collaboration with the Litecoin Foundation. News has emerged that Aliant will offer customers the ability to make payments in LTC, giving them greater access to cryptocurrency.

Aliant has already established itself as a figure in the cryptocurrency industry, offering users the ability to conduct transactions in Bitcoin and Ethereum since 2017. 

Aliant has been facilitating payments using digital currencies since last year - a step in the right direction for LTC and the Litecoin Foundation to fill the void left by the failed LitePay project. Aliant views the partnership with Litecoin as an attractive proposition for retail customers who need fast and low-cost transactions. In this case, the lightweight and flexible LTC is more suitable for these purposes than the heavyweight Bitcoin. While a merchant can implement all three transaction payment methods (Bitcoin, Ethereum, and Litecoin), there is also the advantage of targeting based on the merchant's need. 

Aliant is a lifeline

The LTC coin and the Litecoin Foundation took a hit last month when it was announced that the expected launch of LitePay had been cancelled. This followed news that the LitePay debit card, a feature that would have allowed Litecoin investors to spend their currency with the ease of a traditional debit, had been frozen indefinitely. A few weeks ago, the collapse of LitePay greatly weakened LTC's position in the market. Last week, Litecoin crashed to $113.69, down 69.71% from its high seen last December.

What can Aliant do for Litecoin?

Aliant is so far the only company to have met all of the regulatory registration requirements. Cooperation with Aliant expands the range of LTC transactions. Litecoin is a ready-made currency that can be purchased, exchanged and sent as a digital form of traditional transfer. The agreement with this payment operator will make it possible to offer customers a safe and reliable payment solution with digital coins using Poynt payment terminals. 

Aliant partner of NetCents Technology. It is a next-generation online payment processing platform that offers online services for consumers and merchants to manage electronic payments. The company offers ways to convert fiat money into digital currency, using innovative blockchain technology to provide simple payment solutions. NetCents is available in almost two hundred countries around the world..

Litecoin Foundation expects an increase in the volume of payments for goods and services using Litecoin. Not only through Poynt terminals, but also through virtual cash desks and through custom API integration.

But we can hardly expect an increase in the coin rate against the backdrop of this news. Rather, this is an indicator of how the Litecoin Foundation is grasping at any straw after the epic failure with LitePay.