- 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."
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