We haven’t written much on Litecoin adoption for some time now, but the latest cryptocurrency news show that soon, LTC will be used as a currency in more than 39,000 stores. The altcoin managed to lose its seats to competitors like Bitcoin Cash (BCH) and EOS (EOS) on the market – but this did not stop it from being adopted in different aspects.
LTC has been imbued with an increase in investment interest and adoption. As the news earlier this week revealed, the up and coming crypto payments startup Flexa is the one making the altcoin news with the Litecoin adoption. This makes LTC the fifth digital asset available on the Flexa platform.
Litecoin can now be spent at Amazon’s whole foods, which is big news. Since it was formally added to Flexa (a payments ecosystem that allows merchants to accept crypto and receive USD), LTC is now part of the biggest Litecoin adoption.
The official release by Flexa notes that LTC “distinguishes itself” from the other blockchain platforms with the low transaction fees which are often under $0.01, as well as the fast confirmation times of 2.5 minutes, high volumes and “the active community of avid supporters and payments enthusiasts.” Indeed, the Litecoin adoption is not something coming out of nowhere as Litecoin is known in the coming altcoin news as a cryptocurrency with a big community behind it.
So, the big thing considering the Litecoin adoption is that LTC can now be used to purchase goods via Flexa in more than 39,250 stores (and counting) across the United States. As the founder of Litecoin Charlie Lee noted when commenting the news:
“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 but also converted to fiat via Flexa’s SPEDN application which is currently live on Apple’s iOS and in testing phase on Android. This comes shortly after the Litecoin Foundation (organization behind the cryptocurrency’s development and adoption) joined hands with two industry partners including Bibox Exchange and Ternio, releasing a debit card that can be “loaded” with LTC, Bibox Token and Ternio Token.
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