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After a disappointing year in 2018, Litecoin proved that he could be reborn from his ashes and succeed despite the pessimism of many. Having surpbaded Bitcoin Cash (BCH) in market capitalization, Litecoin (LTC) was able to remain stable in fifth place in the world rankings, behind BTC, ETH, XRP and EOS.
After raising the optimism of many investors and personalities of crypto verse by announcing a partnership with the Beam team to explore the possibility of implementing MimbleWimble for anonymous transactions, Litecoin will pleasantly surprise its community thanks to an announcement of the Spend.com mobile app.
Finally, after the problems with Litepay and TenX, Spend announced that its users could make financial transactions with LTC via their Visa card. With the Spend app, users have access to a multi-currency digital wallet that they can badociate with a bank account. With this feature, users will be able to buy, sell and make payments in Litecoin via the Spend Visa payment card, which automatically converts LTC into local currency.
Litecoin is now available on #SpendApp. You can buy, sell and #PayWithLitecoin with your linked bank account. Spend #LTC with over 40 million locations with the spending portfolio by instantly converting to fiat with the #Spend Visa® card!@SatoshiLite @LTCFoundation @LiteCoinNews pic.twitter.com/LC3gC54xUP
– Spend.com (@SpendCard) February 11, 2019
Litecoin (LTC) finally has a Visa card accepted worldwide
It is important to remember that this type of implementation has always been a goal of the Litecoin team. Their last attempt was with TenX. The project is currently underway, but staff have had great difficulty offering the promised Visa card to their users, mainly due to legal issues with the bank in charge.
In addition, the LitePay project has been highly promoted and funded by Litecoin; However, after several delays and a horrible AMA Reddit, the Litecoin Foundation decided to cancel the economic support provided to the project, which resulted in the complete halt of its development.
According to the company, the partnership with Spend would enable more than 40 million stores worldwide to accept LTC tokens as a means of payment, with support from the VISA network, which would treat transactions as if they were regular purchases with a fiduciary currency.
No other details were revealed regarding the operations. However, Spend has been recognized by many community users and merchants for being tested with other crypto currencies such as BTC and XRP.
There are more than 16 crypto-currencies supported by the application. Card transactions are accepted in 180 countries according to Spend's official website.
Until now, Charlie Lee has not posted any comments on social media regarding the news. The Litecoin Foundation has also not published any official statement promoting such news or explaining its implementation.
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