Bitcoin Forum

As a payment solution for businesses, vendors and services which one of these coins is more suitable? Litecoin or Ethereum ?
Because bitcoin is not good especially because of high fees and slow transactions in smaller payments.

Which one is better and why?

Litecoin is a cryptocurrency, which means that people use it mainly to conduct transactions and its sole purpose is to serve as a digital currency.

Ethereum also functions as a cryptocurrency, but its primary goal is to provides a network capable of creating smart contracts and crowdfunding for new projects.

So I prefer Litecoin as an option in payment.

As for me, i prefer ethereum as a payment solution because it is mostly used by quite a good number of people. The transaction fee is also good.

I prefer to use litecoin over ethereum because litecoin was created as a peer to peer cryptocurrency. Though ethereum can work like litecoin by offering even more features but it was created as a fuel in ethereum platform. In the future ethereum developers might change ETH's function to their needs. Yes! Its definately possible.
Anyway if you have chance of using both then use both of them along with Bitcoin cash though some people hate it.

People often think of Ethereum as a complicated technology. It’s true that to make full use of all its smart contract capabilities, you need to wrap your head around a bewildering array of technologies and sub-projects.
But you don’t have to use all that stuff, and where it counts, payments on Ethereum are simple.

They are both good coins so I think they are capable of an option for another mode of payments for products and services because Cryptocurrencies are actually designed to perform this kind of usefulness today.
But when I do choose one that is better than the other then I would choose LiteCoin over Ethereum bcause LTC is literally has faster transaction speed over Ethereum.
Ethereum is fast but LTC is faster and we understand that in every Cryptocurrency in the market, the most consideration to promote is the transaction speed and reliability.

Both ones are rather good for payment purposes. Personally I use Etherium as payment tool because I have a lot of ERC-20 tokens

eth since it is more future-proof :) (smart contracts will be big in the future, I assume most coins that do have them will survive long-term).

thats on the money!
Litecoin was created as a "currency" where as Ethereum was created as a token for smart contract generating.

https://litecoin.com/#spend
"One of the main advantages offered by the Litecoin network is faster transaction confirmation, making it ideal for small-size purchases."

At the moment and for the past few months,
Litecoin has cheaper fees,
see the chart on the link.

https://bitinfocharts.com/comparison/transactionfees-eth-ltc.html

Litecoin for now but a few upgrades and improvements from eth can outrun the litecoin not just on payment solutions and microtransactions for business but on its unique features for smart contracts and wide variety support for ERC20 tokens that is being used by the ICO's these days, well for bitcoin transaction fees and speed, Segwit and LN would be the solution for that concern.

I prefer Ethereum (https://coincodex.com/crypto/ethereum/) for payments. Stable enough and fast/cheap transactions. Litecoin (https://coincodex.com/crypto/litecoin/) is also great tho, would accept both.

Litecoin was better with its lightning network in the future, but this just temporary until ethereum comes with raiden, plasma and sharding blockchain which gives a lot of possibility to be better than lightning network itself. i don't expect a lot from lightning because there was so much hype for segwit but all gone wrong. And then it can't be considered as good solution.

Litecoin is more suitable for transactions and mining because it is easier and takes less taxes for transfers.

I think Ethereum is better than litecoin as a means of payment. Now Ethereum transactions run faster than litecoin and even transactions with 1 GAS come in 1 minute.

I'm for the ethereum. You see from what year it exists and its dynamics of development. This could not even be repeated by bitcoin. Even now we see who is in the lead. As a payment solution ethereum.

LTC is fast enough + small fees according to it's price. I choose LTC in that case.

I prefer Litecoin as a currency not ETH

Eth can be overloaded due to cryptokittens or something else. Ltc has cheaper fees than Eth and faster transactions. The choice is obviouse.

I prefer litecoin because LTC has much faster tx confirmations compare to bitcoin and ethereum plus it has more stable price than the two giants that i have mentioned,i have heard that there will be an upgraded to the litecoin's network,LITEPAY which could give these vendors the ability to use litecoin as their main cryptocurrency for the payments.

Ethereum is the coin that you'd want to use if the receiver is wanting join ICO's and other projects. Litecoin is not exchanged much for the ICO's.

The scalability issues still do exist for both Eth and LTC, so I wouldn't prefer either one at this time. I think Stellar, Bitshares and NEM are much more suitable for businesses as a payment solution.

Ethereum have taking much advantage than of Litecoin in a matters that Ethereum have been established first and it is getting much stronger today. Ethereum market trend signifies how it build up trust and confidence from the community. It really think that, Ethereum have much capable of taking place bitcoin as a main currency used for payment if time comes.

If I had a choice as to choose ethereum because it has a range of options and can be easily interlinked in the business environment.

LTC because they will launch Lightning Network very soon. This mean lowest possible taxes for business and fastest transactions.

ETH is flooded from time to time from ICOs and games like CryptoKitties. At those moments, taxes are $4-$6 per transaction.

I also choose Ethereum for similar reasons. This currency is easily converted and well received by other people.

LTC would be better payment solution because it has faster transcation speed and confirmation compare to ethereum's network because ethereum is very congested,LTC has advantage if we are talking about the speed of confirmation also LITEPAY is also going to be released by the LTC's team few months from now it will give these small vendors the ability to use litecoin as their main payment.

I don't have those 3 coins that you mentioned but for the closest one would be LTC.
Yeah that's why I didn't consider ETH as payment solution though its still good but for someone that wants to be sure that he's running his business well when it comes to crypto payments, LTC will play the role better.

I'm really a fan of Ethereum more than Litecoin, I follow the news about both coins, i've used the transactions system of ethereum but i never tested the system of Litecoin to be clear ;)
But, The both coins are great and have a bright future for the both communities, Good luck!

Ethereum is not payment system. ETH can function for mean of exchange but the purpose is for fueling internal proceses

LTC can Be used as a payment solution as it has low transaction fees as compared to Ethereum whose fees's are comparatively very high and would not be suitable for Large transactions.

I think none of them is the best solutions for payments...Ethereum and LTC have both a very low number of transactions per second and they are not so fast...i see Stellar Lumens as a better option and the upcoming Universa blockchain is pretty interesting too.
If Ethereum can solve the scalability problem it might work in the future for our everyday payments but at the moment i am still skeptical about it.

payment wise LTC is definitely better.  ETH network is already bogged down, so we don't need to complicate things with having it be a payment system as well.

You should look into Havven. ICO is going on right now, but their project is solely a payment network and stablecoin. Very fascinating idea that would be ideal for everyday use. https://havven.io/

ETH has more use cases and therefore more inherent value.

Both LTC and ETH are good for payment. But the problem is not ETH or LTC, it's cryptocurrency still not legalized in any country yet so use LTC or ETH for payment is impossible at the moment, you still have to exchange them to fiat if you want to pay for anything atm. Although you can think that LTC and ETH are better than Bitcoin but the fact that Bitcoin is the only crypto can be used for payment directly atm at few countries in this world :).

As of now , LTC is a better payment solution , because eth often suffer from network overload and thus increased transaction time and fees. But I believe in nearest future bitcoin will become a payment solution #1 with a instant transactions and zero fees .

Both coins are good for transactions because they have low fees.
I would choose both coins because in business you have to be ready to accept anything that your customer has to offer.
But if I had to pick one of them I would choose Litecoin. I am a little bit sceptical on how the Ethereum blockchain will manage a so huge number of data with so many smart contracts and coin transactions running (forever) on it.
This is my concern otherwise both are perfect altcoins.

I think ethereum is better to payment solution than litecoin,
In addition to ethereum prices are stable ethereum also has a smart contract that no other coins,

To answer this question we should first look at each coin structure and at purposes it was created for, Litecoin  is a great altcoin that has low transactions fees & less confirmation time ( processing a block every 2.5 min ) . But Eth is mainly used for creating/ building Dapp & DAO , used also to create smart contract that's helping erc20 tokens creators to process through Eth blockchain .

I see now that Ethereum is getting more and more people interested because it has an excellent development platform, it can also be said that the technology is developing very well and that the virtual currency is growing so more prominent. , I think that with the current situation the virtual money will be more popular in all countries in the coming time.

Litecoin is more efficient for payments. Ethereum's forte are tokens and smart contracts. But that will change in the future as well with Bitcoin and Litecoin getting smart contracts of their own.

Ethereum is definitely my favorite coin overall , but it doesn't look like it's ultimately going to be an ideal payment solution.  Something cheaper and more efficient is going to be needed for that purpose.

Such as Lightning Network.

I`d prefer using Eth, because you can always withdraw coins buying some tokens on them  ;)
Speed award goes to LTC though.

Definitely LTC, because this what it was created for... As I understand ETH is a fuel, not a currency itself, maybe I'm wrong

As a means of payment, ETH can be recommended because of its flexible and more stable movement in the market

As far as I know, now Dash is the best coin to pay for goods, since it is best suited for merchants. But if Of these two, then this is 100 % Litecoin, this is the currency, the ethereum is better suited for the digitization of companies

As for me, ETH is more suitable for a means of payment, as in all exchangers it is more profitable than LTC..

For payment purposes i usually prefer LTC. Cause its faster and cheaper then ethereum.
Its really fast. I love LTC

current eth and ltc become a friendly payment alternative of transaction fee and not waiting long successful fast transaction. this is what many of his investors are choosing as a transaction tool compared to bitcoin. I really agree with you the bitcoin cost and the duration of delivery being a problem

In this comparison, I will choose the ETH project because I believe that the ETH project has very great prospects for development. This is said in almost every forum and in every topic. I think that such a comparison no longer makes sense.