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PayPal vs Litecoin: What are the differences?
PayPal: Send Money, Pay Online or Set Up a Merchant Account. PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.; Litecoin: A cryptocurrency that uses a faster payment confirmation schedule. It is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. It is an open source, global payment network that is fully decentralized without any central authorities.
PayPal and Litecoin belong to "Payment Services" category of the tech stack.
Some of the features offered by PayPal are:
- 2.9% + $0.30 or less- With our flat, transparent pricing, you’ll never be surprised by hidden or variable fees. We also offer discounted rates when you sell a lot, or when you use our card reader.
- Keeping every seller secure- If you’re sent an unauthorized payment, or a buyer claims they never received an item, our Seller Protection covers you for the full amount of the eligible payment.
- Easy for them, easy for you- With just a few clicks, you can get paid by debit card, credit card, or a PayPal transfer. All someone needs to start buying from you is your e-mail address or mobile number.
On the other hand, Litecoin provides the following key features:
- Faster transaction
- Improved storage efficiency
- Leading math-based currency
Litecoin is an open source tool with 3.4K GitHub stars and 2.24K GitHub forks. Here's a link to Litecoin's open source repository on GitHub.
Pros of Litecoin
Pros of PayPal
- Most known service196
- Consumers know it135
- It's available for many countries113
- Easy70
- Best way to get paid outside US54
- Most widely used payment processor35
- Express Checkout25
- Consumers trust it16
- Flexible and secure15
- Digital Goods for Express Checkout6
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Cons of Litecoin
Cons of PayPal
- Not well written recurring payment api1
- Less countries supported1
- Harder to get started with1
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What is Litecoin?
What is PayPal?
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