Litecoin is a cryptocurrency created in 2011 that was initially inspired by Bitcoin. Litecoin (LTC) is a peer-to-peer decentralized digital currency that enables instant, low-cost payments to anywhere in the world. There are no fees charged to make payments, and there no chargebacks when using Litecoin.
The transaction fees are considerably less than what is currently charged by centralized financial services when making cross-border banking transactions, ATM withdrawals, and using digital payment processors. Litecoin can be used to purchase goods and services.
LTC also provides a safe and secure way for merchants to make transactions. Litecoin has been proven to work well in retail environments, making it possible to accept cryptocurrency as a method of payment to purchase a wide variety of consumer products.