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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Crypto Startup Flexa Adopts Litecoin-Now Available At 39,250 Stores
“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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‘’I’m still waiting for the weekly close but if it does close anywhere above the green box/line I’ll long targeting new highs.”The latest cryptocurrency news reported that the LTC supply reduction could affect the reward that is mainly used by the miners. This could also cause a drop in the Litecoin’s blockchain hashrate since the miners start allocating the computational power to more profitable cryptocurrencies. However, Charlie Lee begs to differ. He believes that the LTC miners would still be profitable despite the rewards reduction:
“If some miners stop mining, block times go up for a while (maybe a week) before difficulty readjusts and makes mining profitable again and miners will come back. Litecoin won’t die.”
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