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Litecoin Lightning payments now accepted by over 4,500 merchants around the world |

Litecoin lightning payments now accepted by over 4,500 merchants around the world |

Litecoin Lightning payments now accepted by over 4,500 merchants around the world |

Litecoin lightning payments now accepted by over 4,500 merchants around the world |

Litecoin has been taking huge strides this year with multiple deals and brand promotions with huge organizations. The coin even announced recently that Litecoin Foundation had approached Beam about a partnership to implement Mimblewimble via Extension Blocks on Litecoin.

The virtual currency did not stop with the announcement alone, however. Litecoin has announced that Coingate, one of the largest cryptocurrency payment gateways which handles transactions for over 4,500 online merchants, had been exploring integrating Lightning Network payments on its platform. The initial test period with merchant partner SurfShark, a VPN provider, has been officially completed and Coingate has finally enabled Litecoin Lightning Network support to all their merchant partners, allowing customers to conduct instant payments with significant cheaper fees.

The payments gateway platform was established in 2014 and is based in Vilnius, Lithuania. The payment gateway has enabled various businesses to accept Bitcoin and Altcoin payments. The company offers payouts either in BTC or in EUR/USD, eliminating any risk associated with Bitcoin price volatility. Users can also buy BTC from CoinGate using bank transfer, credit and debit cards, and mobile balance [phone credit], or sell their BTC to CoinGate.

Coingate integrated the Bitcoin Lightning network last year. Bitcoin as a cryptocurrency has existed in the market for 10 years, however, the lightning network is still in a phase of infancy. Coingate had then expressed their elation at the uptake in adoption, stating:

“Since the launch, we saw over 30,000 created orders to pay with Lightning which suffice as a strong sign that both our customers and the crypto community have a keen interest in this development. Seeing the huge potential it has, we decided to keep developing the feature, but this time, for Litecoin.”

The Litecoin Lightning Network has continued to slowly develop and according to reports published on 1ML.com, the network had almost 1,000 active channels, a 150% increase along with a 200%+ capacity increase, in part due to the recent 30% price rise of Litecoin.

According to CoinGate, they are looking to integrate atomic swaps between the Bitcoin and Litecoin Networks, a technology that would allow trustless trading of assets.

The post Litecoin Lightning payments now accepted by over 4,500 merchants around the world appeared first on AMBCrypto.

Published at Tue, 12 Feb 2019 23:05:37 +0000

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FLUX: Restructure the Gaming Ecosystem with Blockchain Technology

Much has been said about ICOs during the course of 2017. Are ICOs key to a successful startup journey? Yes, ICOs are now a huge part of the fundraising landscape, with a similar impact as Venture capital funding. While some beg to differ about the future of the crowdfunding phenomena, one can’t deny the impact it has had on many startups this year.

A successful ICO can say much about the innovative nature of a startup. For instance, a majority of presale participants are industry professionals and seasoned industry investors. This means the product is valuable at face value and can find mainstream applications. That’s seriously easy math.

Case in point is blockchain based FLUX, which announced its token sale on December 10, 2017, and set to end on December 31, 2017.  Earlier, the gaming ecosystem successfully closed its presale with over $2 million worth of investment in BTC, ETH, USD, and EUR to successfully gaining recognition as one of the most promising blockchain projects in the gaming industry. The success can be attributed to the implementation of a unique investment system called SICS (Special Investment Control System), which is a personal escrow plan for every person who invests $500 thousand. The plan is a key stepping stone to ensure that all funds collected during the ICO round are correctly applied in accordance with the initial agreement.

FLUX’ concept revolves around creating a unique global gaming ecosystem where players, developers, traders, and the gaming community can convert time spent into gaming token FLUX COIN. The platform also creates a competitive gaming atmosphere that offers a marketplace for games, online streaming, and trading in-game items. Using blockchain technology, gamers, developers and investors will get rewards for matchmaking competitions, trading items on the marketplace and even crowdfunding their own ideas within the platform, in a transparent and automated way. This makes FLUX a good extension to the over $105 billion annual revenue – gaming industry.

The foundation of the FLUX ecosystem is based on introducing support platform which will allow players to compete in games from a list of available games, and earn opponent’s money after a successful win. With the use of smart contracts, the system will be capable of supporting a secure and transparent matchmaking process. Players can use BTC, ETH, LTC, EUR, or Visa/MasterCard payments etc to finance their gaming endeavors online. This will in turn guarantee the player descent earnings, given his/her gaming skills on a safe platform backed by a decentralized system. The platform will be available for Windows, MacOS, Linux, Windows Phone, iOS, and Android.

The 1st stage of the token sale is currently underway, while the 2nd stage will take place during the 1st quarter of 2018. The 1st stage started with a 25% bonus during the first hour, followed by 20% for the remaining part of the day. The bonus gradually reduced to 15% on the first week, 10% during the second week and 5% in the final week. The tokens will be available for purchase against payments in ETH (Ethereum), BTC (bitcoin), USDT, DASH, ETC, LTC, ZEC, VISA, MasterCard, USD, EUR, and SHAPESHIFT. Of the total amount raised, the FLUX team will control only 15% of the amount to give room for SICS plan holders.

More information about the platform and ongoing token sale is available at – http://flux.fund/

The post FLUX: Restructure the Gaming Ecosystem with Blockchain Technology appeared first on NewsBTC.

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