Monday, December 5, 2022
HomeCrypto NewsMarketUsers Can Now Make Payments Using LUNC In 180 Countries With Apple...

Users Can Now Make Payments Using LUNC In 180 Countries With Apple Pay, Samsung Pay, and Google Pay

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The Terra Classic Community Can Now Make Payments Using LUNC In 180 Countries.


LUNC can now be used for payments using Apple Pay, Samsung Pay, and Google Pay.

In a tweet today, popular crypto influencer Travis Dickenson also known as Travaladd Crypto, disclosed that Terra Luna Classic has now been integrated with Okse. This non-custodial crypto wallet offers users access to a Visa card that enables them to use crypto for payments.

Consequently, users can now use their LUNC to make payments in 180 countries via Apple Pay, Samsung Pay, and Google Pay.

Moreover, Eljaboom claims that all of this is happening on-chain, which means it is subject to the 1.2% burn tax.

Notably, several community members have celebrated the development lauding Travaladd Crypto and Eljaboom for their efforts in making it happen.

 

Both influencers direct users to get some OKSE which is currently only available on Bybit and Pancake Swap. To use LUNC for payments, users must complete a KYC, deposit BEP20 LUNC to the wallet, then deposit the same to the card. See the video below:

All the tweets were retweeted by the official OKSE Twitter account, confirming the development.

It bears mentioning that it is a big win for the community as it offers on-chain utility, which has been a cause for concern since the community started rebuilding efforts. Additionally, it could greatly speed up the rate of burns as it will be subject to the 1.2% tax burn. Notably, the community is voting on a proposal to reduce the tax parameter to 0.2% to incentivize on-chain transactions, as volumes have largely dropped since the tax implementation.

It is worth noting that since gaining control of the chain in August, the LUNC community has kicked off efforts to rebuild the chain in earnest. The efforts so far have revolved around 3 main goals; reducing LUNC supply, chain development to attract projects, and reclaiming the TerraClassicUSD (USTC) dollar peg.

LUNC is trading at the $0.0002964 price point, up 4.12% in the last hour.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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