Just a few years ago, cryptocurrency was a far-fetched idea regarding the replacement of the current monetary system.
However, the internet has boomed to the extent that most people are living their lives online. From online shopping to the sharing economy’s services such as requesting and paying for a cab or a hotel room to mention a few, online payments are a thing now. It’s no wonder big corporations are collaborating to embrace cryptocurrency.
A good example was the recent merger between Gemini and Flexa, which left many crypto enthusiasts elated. The two companies combined to enable the easy delivery of micro payments to merchants using digital currency.
As such, shopping at major stores such as Lowe’s and Nordstrom, and making your payment through cryptocurrency will be possible. However, all consumers will have to download the Spedn App first.
What cryptocurrency can you use?
With the app, you can make payments using Bitcoin Cash, Bitcoin, Gemini Dollar, or Ether. Litecoin missed out on the merger because the crypto giant is not among the coins the Spedn App supported. The merger between Flexa and Gemini has make online transactions using cryptocurrency easier, which contributes to the growth of digital currency and its absorption into society.
Litecoin founder Charlie Lee did not take being left out easy and reacted by tagging Flexa co-founder, Trevor Filter in a tweet. In the tweet, Lee rallied followers to unite in the push let the Spedn App allow users to make payments using Litecoin at GameStop, Whole Foods, and many other outlets.
Trevor retweeted the Litecoin founder’s message and included the message, ‘retweets don’t equal endorsements…or do they?’
Litecoin is Bitcoin’s younger brother
As the fifth biggest cryptocurrency at the moment, Litecoin might just be the next digital currency to be supported on Spedn.
Their influence in the crypto world does not go unnoticed. In a bid to make the most out of the issue, Litecoin Vice President of Nationwide Merchants Solutions sent a tweet as well. His tweet read:
‘The reason Litecoin should be added to Flexa is because #PayWithLitecoin is all about spending and supporting merchants that accept LTC!! It has nothing to do with tech, it’s about sound money, freedom, and supporting crypto adoption.’
Litecoin growing faster though
Litecoin might be under Bitcoin’s shadow but the former has tripled in price recently while the latter has only doubled. As such, being hosted by Flexa’s Spedn App means the millions of people who use Litecoin can enjoy the recent merger enabling merchants to make purchases using digital currency.
This will enable people to save money seeing credit cards slash a lot of cash during transactions. Last year alone, $90 million was spent on credit card processing fees.
People have already made purchases using the Spedn App and digital currencies such as GUSD, BCH, ETH, and BTC. Hopefully, LTC will join the party soon and bring along its millions of users. All crypto users with the app can make payments at selected outlets by displaying their specific code, which gets scanned to complete the transaction.
Flexa and Gemini have made it possible, now it’s up to digital currencies to educate and mobilize their users.