In line with a recent official ‘announcement‘ published, renowned blockchain payment startup named ‘Flexa’ has added Litecoin [LTC] as the 5th cryptocurrency accepted by the merchants on its payment network.
Litecoin, the ‘4th‘ largest cryptocurrency by market capitalisation, has become the primary cryptocurrency to be added to the list of supported coins by the Flexa network since its ‘launch‘ on 13th May, the firm added.
Through the ‘1st‘ application designed on Flexa network, Spedn, the firm primarily enabled merchant partners to just accept payments in four cryptocurrencies : Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH] and Gemini Dollar [GUSD]. Specifically, Flexa listed GUSD as a part of its wider partnership with Winklevoss’ Gemini exchange, that intends to confirm Spedn’s regulated infrastructure and security.
Within the announcement, Flexa has explained the listing of Litecoin, claiming that the ‘cryptocurrency‘ offers low transaction fees, quick confirmation times, and “an active community of avid supporters as well as payments enthusiasts.”
However, Flexa has not provided any reasoning for the delayed launch of the coin, as its technical white-paper reportedly listed litecoin jointly of the four coins that are already supported within the initial launch, as per a recent article ‘published‘ at Litecoin.com.
The author of the article added that Flexa has at the starting didn’t listed LTC so as to “capitalise on the excitement” around the future Litecoin Halving, that is ‘anticipated‘ to take place later on 7th August, this year at block 1,680,000.
Earlier in April 2019, Flexa ‘secured‘ around $14.1 Mln in a crowd funding led by Pantera Capital, 1kx, Nima Capital, Access Ventures, and others, that preceded the company’s public launch later in the month of May 2019.
Meanwhile, LTC has been recently performing as “excellent” in terms of investment rewards and adoption by U.S.-based investment data provider named ‘Weiss Ratings’. Just earlier on 18th June, the Litecoin [LTC] Foundation entered a ‘partnership‘ to launch a physical crypto debit card, permitting users to use their crypto assets both on-line and in physical stores all over the globe.