Mainstream Crypto Boost: Spend App Supports Litecoin for Over 40 Million Merchants
Crypto adoption is moving further into the mainstream with support for Litecoin. Mobile app Spend now allows crypto users to buy, sell and pay with Litecoin at over 40 million locations.
The platform works by allowing mobile users to access a multi-currency digital wallet on their smartphones by linking to a bank account. Users can also store and spend Litecoin by using the Spend Visa Card, which instantly converts crypto into fiat.
By tapping into the Visa network of merchants, the fintech company exposes millions of locations worldwide to crypto users.
Litecoin is now available on the #SpendApp. You can buy, sell and #PayWithLitecoin with your linked bank account. Spend #LTC at 40+ million locations with the Spend Wallet by instantly converting to fiat with the #Spend Visa® Card!@SatoshiLite @LTCFoundation @LiteCoinNews pic.twitter.com/LC3gC54xUP
— Spend.com (@SpendCard) February 11, 2019
According to the Spend team, the app allows users to connect 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.”
The Spend App allows users to buy or sell over 16 cryptocurrencies directly from a bank account, and transfer funds to over 180 countries worldwide.
All cryptocurrencies, including Bitcoin and XRP, are first converted into Canadian dollars, US dollars or euros on the Spend Wallet, and then the local fiat is loaded onto the Spend Visa Card for purchases and ATM withdrawals.