The cryptocurrency space is gaining traction every day. The industry is growing at an enormous pace and researchers and developers are discovering more use cases for cryptocurrencies and blockchain technology. Blockchain technology is the bedrock of this industry. The majority of digital currencies in the market built on this technology. A lot of firms, businesses, and industries have adopted cryptocurrencies since their emergence. Many stores now accept them as a means of payment.
One digital currency that has seen a significant level of adoption when it comes to being accepted as payment is Bitcoin (BTC). Litecoin (LTC) – the fourth largest digital currency by market cap, is also on this list. Several merchants across the globe are accepting Litecoin (LTC) and other digital currencies as a means of payment. However, the adoption of Litecoin (LTC) is about to take a different dimension as it will now be accepted by thousands of stores in the US.
Litecoin (LTC) to See an Increased Adoption as Flexa Now Supports It – Litecoin Price Prediction 2019 – Cryptocurrency Market Update
Flexa is a digital currency payment network. The platform already supports four digital currencies. The digital currency payments network just added Litecoin (LTC) to the list of digital currencies it supports. Flexa provides direct POS payments at over 39,200 stores in the United States for secure and fast payments. The creator and founder of the Litecoin Foundation – Charlie Lee – has been pushing for the increased adoption of Litecoin (LTC). He has secured a lot of strategic partnerships over the past years to boost the adoption and use case of Litecoin.
Regarding the integration of Litecoin into the Flexa network, Lee said that it would help push the global adoption of Litecoin payments. In a tweet, the Litecoin creator said:
“Being able to make payments with Litecoin (LTC) at all these new major merchants is great for the entire Litecoin community.”
The strategy for global adoption for Flexa starts with shoppers. The firm allows consumers to spend their digital currency holdings and convert the digital currency to fiat currency for merchants. This means its merchants that accept digital currencies get their payment in fiat currency. The network is fast, simple, fraud-proof, and cheap.
The digital currency payments platform has a long list of top brands across the US it supports. Some of the big brands on its list are Whole Foods, Gamestop, Barnes & Noble, Bed Bath & Beyond, Baskin Robbins, Crate and Barrel, Regal Cinemas, Nordstrom, and Caribou Coffee. The application of the network is presently available for iOS. According to the firm, the Android beta version of the app will be available on the 9th of July.
Litecoin Price Analysis – Litecoin Price Prediction – Litecoin Price Forecast – Litecoin Halving – Cryptocurrency Market Update
Most of the coins in the market are currently in the green after a recent plunge that saw Bitcoin price fall below the $10k level. Bitcoin is now trading close to the $12k mark. The price of Litecoin also plunged heavily. However, it is now back in the green with an increase of more than three percent over the past twenty-four hours. The price of Litecoin (LTC) recently plunged towards the $110 mark. At the press time, LTC USD live price is $125.
Litecoin (LTC) is currently supported at the $123 mark, but the major support of the coin is at the $120 level. On the upside, the immediate hurdle of the coin is at the $130 mark. A break over this level will pave the way for more gains towards our short-term Litecoin price prediction of $150.