Litecoin Payment Gateway is a service that allows you to accept and process payments in Litecoin (LTC) cryptocurrency. Such a gateway provides the opportunity for businesses, online stores or individuals to receive payments from customers in digital currency https://0xprocessing.com/supported-coins/accept-payment-ltc/
Litecoin is one of the oldest and most popular cryptocurrencies, created for fast and inexpensive transactions. Due to this, it is often used for everyday payments and international transfers.
The payment gateway automatically generates a payment address or QR code that the user can scan from their crypto wallet. After confirming the transaction, the system notifies the recipient of the receipt of funds. In some cases, the gateway can automatically convert the received Litecoin into fiat currency or another cryptocurrency.
The main functions of the Litecoin payment gateway:
acceptance and processing of transactions on the Litecoin network;
checking the status of payments in real time;
automatic currency conversion (if necessary);
providing APIs or plugins for integration with websites and applications;
reporting on received payments.
Using the Litecoin payment gateway enables businesses to work with customers from different countries, reduce transfer fees, and accept payments without the involvement of banking intermediaries.