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.
You can now use $LUNC to pay for your daily needs, 180 nationalities can apply. After talking with @Eljaboom we have integrated #LUNC into @okse_io so the #LuncCommunity use $LUNC as a payment method on Apple pay, Google Pay and Samsung Pay.
Use today: https://t.co/Le7qYt5OoV pic.twitter.com/ueOoMbiJ0T
— Travladd Crypto (@OfficialTravlad) October 11, 2022
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.
Amazing to see in person the @okse_io wallet working flawlessly! @Eljaboom has got me very excited about where this can go! And @OfficialTravlad getting another big Win for the #LUNCCOMUNNITY ??? https://t.co/5XUvsbgpHe
— Crypto (DJ) Prestige (@DjPrestigeUk) October 11, 2022
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:
— Elja (@Eljaboom) October 12, 2022
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.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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