Litecoin on adoption spree; makes debut on Flexa’s platform

  • 03 July 2019, Wednesday, 18:00

Cryptocurrencies are highly valued when its use cases extend beyond crypto and into the mainstream. In what is welcome news in this respect, Litecoin just landed itself Flexa, a new payment network that facilitates users to pay through cryptocurrencies.

Charlie Lee, Creator of Litecoin [LTC], had hinted at something huge for LTC adoption in a previous tweet. The LTC creator attached a picture with Flexa’s CEO, Tyler Spalding, and tweeted,

“Just had lunch with this guy. Working on something huge for Litecoin adoption. See if you can figure out who this is! #PayWithLitecoin”

Flexa’s official twitter handle soon announced the landing of a new coin on its platform, which caused a lot of commotion in the comment section. However, many people were rooting for the fourth largest coin already. On July 3, Flexa announced that Litecoin has been added to its platform.

Litecoin’s official page tweeted,

“The SPEDN App has added @litecoin! You can now spend Litecoin in over 39,000+ new stores all over the US.”

LTC is the fifth digital asset to be added on the platform. Before LTC, Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], and Gemini dollar had been added and according to Flexa’s website, its platform allows users to use their cryptos at 30,475 places all across the US. Flexa’s SPEDN wallet enables users to save their crypto and use it at all Flexa-enabled merchants.

Charlie Lee was happy about this adoption opportunity, stating,

“I’m excited to see Flexa help push mainstream adoption of Litecoin payments. Being able to pay with LTC at all these new major merchants is great for the entire Litecoin community.”

At press time, LTC was valued at $120.60 with a market cap of $7.537 billion. The 24-hour trading volume of the coin was $4.52 billion, as it plunged by 11.21% over the week. Over the past 24 hours, the coin reported a growth of 4.31%. However, it was falling by 0.29% within the past hour.

Source: ambcrypto.com