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.
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