Flexa, a cryptocurrency payments network will now support Litecoin (LTC) transaction across the US at more than 39,250 stores for digital payments. This will be the fifth digital asset that the platform will support. The idea behind using this platform is to bring buyers and sellers closer together in order to cut processing cost, eliminate fraud, and preserve user’s privacy.
⚡️Litecoin is live on Flexa. https://t.co/gQsvKCtwFY pic.twitter.com/Aaf0YW34sM
— Flexa (@FlexaHQ) July 3, 2019
According to Charlie Lee, Litecoin creator, LTC’s integration on Flexa helps 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.”
Adding Litecoin brings Flexa one step forward in its mission to make any cryptocurrency spendable at any store, in any country around the world.
Litecoin will be used through the Flexa SPEDN application. The SPEDN wallet allows the user to directly pay via mobile phone without using a physical card, integrating seamlessly with the vendor system. Apart from Litecoin, SPEDN supports BTC, BCH, ETH, and GUSD.
Flexa has been recently making news regarding its payment integration with Whole Foods, Office Depot, Baskin Robbins and 12 other Retail Giants. It has also teamed up with the Winklevoss twins to use the Gemini Dollar, which will enable crypto payment without worrying about volatility.
The Litecoin Foundation also recently announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card. A cryptocurrency debit card “BlockCard” will enable users to spend their cryptocurrency funds both online and in physical store across the world. Customers will also be able to keep cryptocurrencies such as litecoin (LTC) and Bibox Exchange’s and Ternio’s native tokens Bibox token (BIX) and Ternio (TERN) respectively.