You may have encountered local money exchanges at Airports or tourist destinations. You can simply exchange your currency with another without needing to go through a complex procedure of, first, opening an account and then make your exchanges. But what if those local exchangers also turn out to be your broker in case you want to make a swift transaction for, say, paying bills with your currency?
Something similar is happening at Coinomat, a highly innovative website that not just allows one to convert between various crypto-currencies and national currencies, but also makes it possible to pay Bitcoin bills with Litecoins.
“Pay with your Litecoin your Bitcoin bills. Just put the merchant address in the exchange form as the payment address. Great way to use Litecoin even at websites where it is not accepted”, claims the Coinomat’s attractive and interactive homepage.
NO ACCOUNT REGISTERATION REQUIRED
Quite an opposite to a regular Bitcoin exchange, which requires senders to first register an account, followed by two dozen other formalities for currency exchange, Coinomat comes as a better and quick alternative. The Bitcoin exchanger only takes the receiver’s address and sends the sender’s funds to its very own address. “The process gets completed within minutes”, claims one of the sections at Coinomat’s website.
The exchanger’s website however do not mention anything about the security of these transactions.
Is It the Litecoin Impact?
The rise of Litecoins in the digital currency arena is probably known to every market analyst. With speculation of more Litecoin trading also rising in 2014, many companies have come forward to use this currency in its services. Few days ago, a leading digital currency payment platform announced that it will accept Litecoins as one of its payment methods – making itself the first payment platform to have been accepting this alternative to Bitcoins.
While there are still less merchants speaking about the method to short Litecoins, Coinomat’s services are indeed innovative as it allows to pay BTC bills with LTC; thus also attracting Bitcoin users to look into its alternative.
For further Litecoin News, visit www.forexminute.com/litecoin.
To contact the reporter of this story: Jonathan Millet at firstname.lastname@example.org