US-based provider of merchant solutions Aliant has announced that it will add Litecoin functionality. The payment provider already offers Bitcoin and Ethereum payments to its clients. A retail terminal called Poynt is also in the works. As cryptocurrency gains popularity, effective retail solutions will increase usability and make purchases of everyday goods for BTC, ETH, and LTC a reality.
Litecoin as payment for goods and services
CEO Eric Brown explained that the decision to add Litecoin was due to the cryptocurrency’s increasing usefulness as an everyday payment method. Brown also believes that Litecoin is popular and has gained the trust of the community.
“Our merchants look to us for innovative ways to transfer money safely, securely, and cost-effectively. Cryptocurrency allows us to move money in all of these ways, while also offering consumers more payment options… We expect Litecoin to emerge as a prominent everyday payment option. Pay with Litecoin at restaurants, bars, gas stations, coffee shops, and other places that you go regularly.”
Bitcoin for expensive items, Litecoin for everything else
Aliant has a very interesting vision of how cryptocurrency purchases will work in the future. While many have dismissed Bitcoin as a payment method, Brown believes that it is still viable for expensive items (Lightning Network will help with that). For small everyday purchases, like a cup of coffee or gasoline, Brown sees Litecoin as a great solution.
Brown believes that partnership with US-based NetCents Technology Inc. will help integrate cryptocurrencies into its platform:
“We explained to the NetCents team what we felt a merchant needed to see on the platform, and their CTO, Medhi Mehrtash, was the engineer who made it happen… His team customised the platform based on the specs we provided, and now we look forward to showing our merchants what digital currency can do for online payments.”
Retail terminals with cryptocurrency payments
Additionally, Aliant is working on a retail terminal called Poynt. It will allow users to pay for goods and services with cryptocurrencies directly. With the number of Bitcoin ATMs on the rise, having cryptocurrencies at a point of sale will further increase the usability of crypto in the real world.