Flexa, the New York based mostly Crypto cost processor that raised $14.1m in startup funding final yr to fullfil its mission and ‘catapult retail blockchain adoption’ has launched Litecoin help on its SPEDN Level of Sale (POS) funds app.
“Flexa is delighted to announce Litecoin (LTC) because the fifth digital asset to be accepted by retailers on the Flexa community, and the primary coin added to the community because it launched within the US simply simply seven weeks in the past.”
Regardless of being added after the preliminary launch, the information had been considerably leaked previous to the teases shared on twitter as the corporate’s white-paper clearly listed Litecoin as one of many 4 crypto currencies it will help alongside Bitcoin, Ethereum and BitcoinCash. Though there is no such thing as a cause given for the delay it wouldn’t be too far fetched to imagine it was pushed again to capitalise on the thrill and hype surrounding the upcoming Litecoin Halving occasion. Flexa did nonetheless share their reasoning for together with Litecoin and why they see it as an ideal match for his or her community:
“As one of many first (and highest quantity) cryptocurrencies, Litecoin distinguishes itself with low transaction charges, quick affirmation instances, and an energetic group of avid supporters and funds fans. As the primary on the spot cryptocurrency funds community, Flexa gives direct point-of-sale funds at greater than 39,250 shops (and counting) throughout the USA. With their efforts mixed, Flexa and Litecoin are delivering on cryptocurrency’s promise of safe, quick, and fraud-resistant funds that enhance the established order for retailers and customers alike.”
Talking on the Asia Blockchain Summit in Taipei, Litecoin Creator & Basis Govt Director, Charlie Lee shared his ideas on the announcement:
“I’m excited to see Flexa assist push mainstream adoption of Litecoin funds,”
“With the ability to pay with LTC in any respect these new main retailers is nice for your entire Litecoin group.”
Because the preliminary launch of SPEDN the Litecoin Group had been pushing publicly for help and it seems the Litecoin Basis listened, as the 2 have partnered to be able to attain a typical aim of taking crypto funds mainstream and easy.
“Including Litecoin brings Flexa one step ahead in its mission to make any cryptocurrency spendable at any retailer, in any nation all over the world. That’s why we’re so proud to associate with the Litecoin Basis on bringing cryptocurrency funds into the mainstream, beginning with inviting hundreds extra individuals to make use of Flexa’s *SPEDN* app”
SPEDN is at the moment solely out there throughout the US on IOS gadgets for these trying to take a look at the platform nonetheless an Android beta is deliberate later this yr.