Litecoin Foundation merchant advisor John Moore is highlighting how Litecoin, Bitcoin and other cryptocurrencies can be made stable for use on everyday purchases.
Says Moore in a new video,
“A lot of people say, Johnny, Bitcoin is never going to be a good payment system because it’s too volatile. That’s why we need Libra coin, Johnny. That’s why we need stablecoins, they say. Guys, we’ve already solved this problem.”
To use Litecoin and other cryptocurrencies for everyday purchases and to get merchants onboard by accepting digital assets as a payment method, Moore explains how point-of-sale platforms use software that can settle crypto transactions instantly, converting Litecoin, Bitcoin and other cryptocurrencies into fiat as soon as the merchant finalizes the sale.
The solution bridges old money with new digital assets by allowing people to spend crypto in the real world while simultaneously enabling merchants to receive dollars, eliminating concerns about exposure to Bitcoin and the notorious market swings of cryptocurrency.
Moore says that software solution Aliant Payments is one of many companies addressing the use of crypto as regular cash.
“Guys, it’s simple. It locks in the price at the time of sale. There’s no volatility at all for the business. So this argument of Bitcoin or Litecoin isn’t good for payments because it’s too volatile or it’s not stable – well, they’re a great candidate to use Aliant’s crypto gateway because they don’t want to keep the Bitcoin or Litecoin. They want a stable price.”
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“Aliant Payments is the one that partnered up with the Litecoin Foundation with the Miami Dolphins deal, bringing Litecoin as the official cryptocurrency of the Miami Dolphins.”
The new partnership will allow sports fans to use Litecoin to buy tickets for events.
“What they’ve developed is huge. This cuts out the need for Libra coin, for stablecoins. You can hold your own private keys, a decentralized coin, and spend it when you want to spend it on stuff.”