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The creator of Litecoin (LTC), Charlie Lee, shares the reason why the cryptocurrencies are better than the legal currencies and his experience in buying Amazon gift cards with Litecoin through Lightning Network (LN).
Charlie Lee: Crypto beats fiat and buys an Amazon gift card with Litecoin
Recently, at Blockchain Cruise 2018, the creator of Litecoin Charlie Lee shared the unique features of the encrypted that make them better than fiat:
The resistance to censorship is that which means that governments can not control it and the immutability of the transaction reveals that transactions can not be reversed. Furthermore, the cost of production ensures that coins can not be copied and cost money to create while the fixed money supply means that the offer can not be increased.
While in another case, Lee took on Twitter to share his personal experience of buying an Amazon gift card with Litecoin via Lightning Network:
I just bought an Amazon gift card using LN on Litecoin. The payment went immediately and I immediately received the gift card. Good work on the excellent user experience @bitrefill! 👏 #PayWithLitecoin #PayWithLightninghttps://t.co/dJYLksVVCD
– Charlie Lee [LTC⚡] (@SatoshiLite) 3 October 2018
Bitrefill allows you to purchase Amazon gift cards and coupons with Litecoin (LTC). The company is able to charge the mobile phone and buy gift cards using cryptocurrencies. In addition to Litecoin, Bitrefill also supports Bitcoin (BTC), Lightning, Ethereum (ETH), Dogecoin (DOGE) and Dash.
The Bitrefill website mentions,
"Spend Litecoin on Amazon gift vouchers and cards, buy Amazon Prime, Fire Stick, Eco, books, laptops, drones, hoverboards, etc. Start to live on Crypto!"
Vouchers and Amazon gift cards purchased with Litecoin can be redeemed on Amazon.com. Once loaded, you can start shopping. In addition, Amazon.com gift cards "never expire" and can be further "redeemed in millions of articles on www.amazon.com".
In addition, read: Litecoin [LTC] Negotiate massive discounts for what it should be worth – eToro Research
As for exactly how Bitrefill works, it clarifies on its website that you create a new Amazon order, you choose a voucher amount and then select from the available cryptographic options with which you want to pay.
Once you have created the order, you need to switch to the cryptographic wallet and paste your address or simply use the QR code to start the transfer automatically. And after the payment has been confirmed, the voucher code is ready and you can redeem it immediately in the Amazon app.
Summary
Item name
Creator of Litecoin Charlie Lee on why Cryptos Trump Fiat and Buying Amazon Gift Card with LTC via LN
Description
The creator of Litecoin (LTC), Charlie Lee, shares the reason why the cryptocurrencies are better than the legal currencies and his experience in buying Amazon gift cards with Litecoin through Lightning Network (LN).
Author
ANJALI TYAGI
Publisher name
COINGAPE
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