Litecoin is now accepted as payment at more than 39,250 locations after Flexa integration
|- LTC is the fifth crypto accepted by merchants on its payment network.
- The firm also revealed that Litecoin is the first coin added to the network since its U.S. launch.
Flexa, a New York-based blockchain payment startup, announced that it has added litecoin (LTC) as the fifth crypto accepted by merchants on its payment network. According to Flexa's tweet, litecoin is now recognized as a payment option at more than 39,250 locations. In an announcement, Flex said:
"As one of the first (and highest volume) cryptocurrencies, Litecoin distinguishes itself with low transaction fees, fast confirmation times, and an active community of avid supporters and payments enthusiasts."
The firm also revealed that Litecoin is the first coin added to the network since its U.S. launch. Charlie Lee, the creator of Litecoin, said:
"I'm excited to see Flexa help push mainstream adoption of Litecoin payments."
Using Spedn, the first application built on Flexa's network, the firm enabled merchant partners to accept payments in four cryptos namely bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and Gemini dollar (GUSD). Flexa said that the reason for listing litecoin was because the cryptocurrency enables low transaction fees, fast confirmation time and "an active community of avid supporters and payments enthusiasts."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.