Today we’re excited to announce the addition of Litecoin (LTC) token support and Litecoin wallet integration to our API.

Dubbed the “silver to Bitcoin’s gold”, Litecoin is a speedy, lightweight version of the world's most popular cryptocurrency. It made headlines in 2020 when PayPal announced that it would accept payments in the native token Litecoin (LTC).  

Now, Blockmate clients can instantly:

• Connect over 148 million unique addresses on the Litecoin network to your application through a single API.
• Gather and categorize information including balances, transaction histories, and fiat values.
• Gain access to the historical data of millions of transactions with over 100,000 daily transactions.
• Remain AML/CFT compliant while operating safely and risk-free.
• Carry out secure and effective risk assessment of crypto transactions.

About Litecoin

Litecoin is an open-source blockchain with source code forked from Bitcoin’s code. It was developed in 2011 by Charlie Lee in response to Bitcoin mining becoming inaccessible to the average user. It remains one of the most correlated coins to Bitcoin’s price and was chosen by the Lightning Network for the first Lightning transaction.  

Rather than a competitor to Bitcoin, Litecoin sees itself as a “proven medium of commerce complementary to Bitcoin.” It can be used for speedy transactions of small amounts at a low cost. It was one of the first cryptocurrencies to follow Bitcoin and has survived several bear markets to remain in the top 30 cryptocurrencies by market cap. The announcement of the Litecoin VISA card has increased the number of active users of the network.  

How to connect

With Blockmate, you don’t need to set up or connect to every cryptocurrency or protocol one by one. Everything you need is already here and part of our API, allowing you to jump right in!

⚡️ Happy Zapping!