Litecoin’s week is getting better as the latest partnership with Spend.com to integrate the cryptocurrency on the card payment service. The cryptocurrency world is slowly gaining momentum as the latest partnership opens the way for over 40 million Visa accepted points of sale. The Spend.com mobile application is an easy and efficient way to buy goods and services using various cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH).
Spend.com adds LTC to the cryptocurrencies available on the platform
This places Litecoin as the 16th cryptocurrency available on the exchange. The fiat pairs include Canadian dollars, U.S. dollars, and Euros with more expected to be added soon.
Users are required to register and link their bank account to Spend App in order to start paying using Litecoin cryptocurrency. Once connected users can spend various cryptocurrencies from their mobile app wallet and also through the Spend.com Visa card. The Spend Visa card allows users to use cryptos to buy goods and services at VISA accepted stores by converting the cryptocurrency amount to cash.
The company opens up the financial world to the billions of unbanked people across the world. Notwithstanding, Spend allows its users a futuristic way to spend and use cryptocurrencies in their day to day lives. This was the message to the users from the Spend.com team,
“We are a firm believer in the fourth industrial revolution and the digitization of currencies. There are tremendous benefits for users worldwide to have control of their finances and to create an alternative financial solution for those who don’t have access to banking, which currently totals two billion people worldwide.”
Litecoin (LTC) is currently trading at $43.84 USD representing a slight rise of 0.66% in the past 24 hours. The coin has experienced a massive soar in price since the start of February as the price shot up 40% in this month alone. The upcoming halving of the block rewards surely plays a huge role in the steep rise.