Recent events have been pointing towards the mainstream adoption of cryptocurrency in the near future, and Litecoin, the fifth largest cryptocurrency according to CoinMarketCap, seems to show support too.
Users can now buy, sell, as well as pay using Litecoin at more than 40 million locations, across more than 180 countries worldwide, using the mobile app Spend. It lets smartphone users access a multi-currency digital wallet on their smartphone through a linked bank account. Users can also save and spend their Litecoin using Spend Visa Card, which can instantly convert crypto into fiat.
The company taps into the merchants’ Visa network, making millions of locations visible worldwide to crypto users, connecting them to an open financial system.
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. – FinTech company states
Additionally, Spend allows users to buy or sell more than 16 cryptocurrencies across locations, directly from a bank account. Through the Spend Wallet, all cryptocurrencies including Bitcoin and XRP can be converted into Canadian and US dollars or euros.