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."
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
