Litecoin (LTC) has shared on Twitter that Litecoin, the fourteenth crypto by market capitalization, is accepted anywhere VISA is applicable.
Litecoin Official Twitter account said:
“Litecoin is accepted anywhere VISA is.. the Litecoin Card converts $LTC at the time of purchase. You can also connect the card with the Litewallet_App.”
Litecoin is accepted anywhere VISA is.. the #Litecoin Card converts $LTC at the time of purchase. You can also connect the card with the @Litewallet_App #PaywithLitecoin #Hodl #SundayThoughtshttps://t.co/rOzz9zoXRD pic.twitter.com/AR4wXqCPg6
— Litecoin (@litecoin) November 14, 2021
LTC has gained much attraction, got enormous acceptance and use among its lovers and merchants after its launch. LTC was in the top ten cryptocurrencies by market capitalization for a long time.
Now as LTC will be accepted wherever VISA is, users can pay for any service or product that accepts VISA card payments. This includes online shopping, retail, digital services, restaurants, and more. Additionally, the VISA debit card that Litecoin issued would convert crypto into US dollars in real-time, according to the company’s website. On top of that, Litecoin added that there will be no additional transaction fees or deposit fees for using the Litecoin VISA debit card, but only a fee of $5 per month.
Here you must note that you’re not actually paying in Litecoin. The Merchant is not actually receiving Litecoin. It’s just a quick and easy way to sell your LTC into USD and hand it over to the merchant, But it is a nice first step.