Aliant confirms partnership with Litecoin Foundation
US-based merchant payments processor, Aliant Payments Systems, confirms an official partnership with the Litecoin Foundation today.
The firm is the first to officially complete the registration process the Litecoin Foundation requires.
The registration makes the company the first official Litecoin payments processor and partner.
The failure of the much-hyped LitePay launch led to a tumultuous month or two for Litecoin.
Until recently, prices for Litecoin were surging, but it has taken a beating with most other cryptos in the last week.
Prices surged and slid and LTC has taken a beating with the rest of the altcoins this week.
Good news for Litecoin
The Aliant partnership confirmation is a ray of light for the Litecoin Foundation.
Aliant has 15 years experience in the payments processing industry.
They will be able to provide the Litecoin Foundation the opportunity to offer merchants a trusted, vetted and approved payments processor.
Aliant will be one of the only firms to offer cryptocurrency options in retail, eCommerce, and mobile environments.
Speaking about the partnership, Aliant CEO Eric Brown said:
“We are thrilled to be partnering with the Litecoin Foundation to bring a trusted, stable solution to innovative merchants who are interested in adopting cryptocurrency payments.
“We look forward to working together to bring Litecoin payments to mass adoption.”
Both companies have been reconfirming their affiliation on social media.
We're excited to share that Aliant will be attending the first-ever Litecoin Summit by @LTCFoundation this September in San Francisco, and our CEO @BigEtheword will be speaking about Litecoin payments solutions! Who's going? #PayWithLitecoin
— Aliant Payments (@AliantPayment) April 2, 2018
Trading app Abra also announced this week that it will use Litecoin’s smart contracts as part of its payments system.
Unlike in the latter half of 2017, positve news is failing to lift cryptocurrencies in the same way recently.
Litecoin is one of the worse affected altcoins in the March price correction.
Over the last month, it has shed almost 40% of its value.
Litecoin is down from $215 this time last month and is currently trading just under $120, according to the Coin Thud live price charts.
The entire market may be bear dominated currently, but it’s also filled with opportunity.
As Alexander Graham Bell once said:
“When one door closes, another opens; but we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us.”