New York-based payment start-up Flexa has added Litecoin as its fifth crypto payment option, meaning the popular digital asset is now accepted by all merchants on its payment network.
Today, Flexa offers direct point-of-sale payments at more than 39,250 stores across the United States. Flexa said that this latest announcement is “delivering on cryptocurrency’s promise of secure, fast, and fraud-resistant payments that improve the status quo for merchants and consumers alike”.
⚡️Litecoin is live on Flexa. https://t.co/gQsvKCtwFY pic.twitter.com/Aaf0YW34sM
— Flexa (@FlexaHQ) July 3, 2019
The firm said in a Medium post: “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.”
Litecoin payments are going mainstream
The creator of Litecoin – Charlie Lee – who announced the integration at the Asia Blockchain Summit in Taipei on Wednesday, said: “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.”
The Flexa team concluded: “Adding Litecoin brings Flexa one step forward in its mission to make any cryptocurrency spendable at any store, in any country around the world.
“That’s why we’re so proud to partner with the Litecoin Foundation to bring cryptocurrency payments into the mainstream, starting with inviting thousands more people to use Flexa’s SPEDN app.”
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