Crypto Startup Flexa adopted Litecoin (LTC) and has made it the fifth largest digital asset on their platform. As previously reported in our coming altcoin news, Litecoin didn’t really do well in 2018, but have things changed for the asset?
The cryptocurrency dropped in the market’s standings back in 2018 losing all of the steam to competitors such as EOS and Bitcoin Cash. The asset, however, was somehow boosted after many people invested in the asset and boosted the interest and adoption rate. Earlier this week, the crypto Startup Flex added Litecoin to their platform. LTC was formally added to Flexa which is a payments ecosystem that aims to help merchants accept cryptocurrencies and receive U.S. Dollars in return.
According to a recent blog post, the bitcoin fork created by an ex-Google and Coinbase engineer Charlie Lee, joined ethereum, Bitcoin and Bitcoin Cash in the team of the startup. Flexa explained why they decided to add Litecoin to the group of crypto assets saying that it distinguishes itself from other blockchain platforms that have low transaction fees. Crypto Startup Flexa also noted that LTC has fast confirmation time and high volumes. The cryptocurrency can now be used to purchase goods via Flexa in more than 39,250 stores acorss the United States. Some restaurants and retails stores accept the Flexa-backed payments which are routed mainly through Gemini. Lee noted:
“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.”
Litecoin can now be spent and converted to Fiat with the help of Flexa’s SPEDN application which is currently live on Apple iOS. The decision comes shortly after the Litecoin Foundation joined the two crypto industry partners Bibox Exchange and Ternio in order to release a debit card that can be filled with LTC. As noted in the previous latest cryptocurrency news, the Video game streaming service Twitch also started accepting subscription payments via BitPay which gives its viewers a chance to contribute to their favorite gamers with cryptocurrencies. This could be great news for litecoin but for other assets as well regarding the boost in price in the upcoming months.
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