Flexa and Gemini partnered up to create an app called Spedn. It’s a micro-payments solution powered by cryptocurrencies (Bitcoin, Ethereum and Bitcoin Cash) that will enable its users to pay for goods and services in many stores such as Whole Foods, Nordstrom, or Gamestop.
The app’s release has been hailed with excitement by the crypto verse and, as it turns out, Charlie Lee wants support for Litecoin to be added to the new app.
Charlie Lee is the former Google engineer who founded Litecoin and still leads the project. It makes sense for Litecoin to be included for several reasons. It’s the sixth cryptocurrency by market capitalization, so it’s a sizeable player with good liquidity.
Additionally, LTC has been trying hard to gain mainstream adoption through several marketing campaigns. The Litecoin foundation even bought part of a German bank aiming to issue debit cards funded with cryptocurrencies, LTC especially.
Mr. Lee tweets
Always vocal, Mr. Lee used his Tweeter account to make his point plain.
— Charlie Lee [LTC⚡] (@SatoshiLite) May 15, 2019
His remark prompted many supporting answers on Twitter, so the ball started rolling somehow. This is not surprising since most of Mr. Lee’s followers are probably Litecoin holders or fans who would like to see the asset available in as many payment platforms as possible.
The story would have ended there except that Trevor Filter (one of Flexa’s co-founders) noticed Mr. Lee’s wish and answered by typing “Retweets ≠ endorsements (…Or do they?)”.
Mr. Filter’s answer has led to speculation about LTC adoption in Spedn because it seems to leave an option open. A favorite “conclusion” is that “Spedn will adopt Litecoin (…Or will it?)”. So far, there’s not a confirmation by Flexa at all, but it would only be natural for the app to expand its supported coin list and the first new tokens should be XRP, EOS, and Litecoin, assuming that market capitalization and liquidity would be the main factors in the team’s decision.
People from the Litecoin side of things kept insisting. Jon Moore, Vice President of Nationwide Merchant Solutions, tweeted that,
“The reason Litecoin should be added to Flexa is because #PayWithLitecoin is all about spending and supporting merchants that accept LTC!! It has nothing to do with tech; it’s about sound money, freedom, and supporting crypto adoption.”
So it seems like the Litecoin team is willing to keep insisting until it gets a definite answer from Flexa. That could take a while.
Litecoin is a substantial project with a robust native cryptocurrency. If Spedn has any degree of success among merchants and customers, then it will be unavoidable for it to include Litecoin (LTC) in the future because for such services there are not so many options to expand within the market except top 15. So maybe it won’t happen as quickly as Mr. Lee and Mr. Moor would like. But it will happen, sooner or later, even if Litecoin fans don’t tweet too much about it.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.