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HomeCrypto NewsMarketFCF Pay Enables Merchants Worldwide To Accept Terra Classic As Payment

FCF Pay Enables Merchants Worldwide To Accept Terra Classic As Payment

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FCF Pay lists Terra Classic (LUNC).

FCF Pay, a cryptocurrency payment gateway, has added support for Terra Classic (LUNC) to enable people to use the token as a payment method. The development was shared yesterday by reXx, the admin and marketing representative of Terra Rebels.

ReXx announced the development on Twitter yesterday: “Thank you @fcfpay for listing Luna Classic as a currency.” 

LUNC Joins Other Top Cryptos on FCF Pay

Through the development, LUNC has joined the list of FCF Pay’s supported cryptocurrency assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin, Shiba Inu (SHIB), Ripple (XRP) etc. 

FCF Pay is an e-commerce payment solution that allows users to pay for goods and services using cryptocurrencies. The Canadian-based payment solution has been adding support for top cryptocurrencies with huge communities. 

Some of the tokens in this category include Shiba Inu, Bone ShibaSwap, and BabyDoge. It is not surprising that the payment provider has added Terra Classic to its supported crypto assets. Recall that LUNC became a community-led project after the Terra ecosystem crashed in May.

The cryptocurrency can now be used as a payment method across multiple online stores since FCF Pay supports major e-commerce platforms such as Magento, Woo Commerce, Prestashop, Adobe Commerce, etc.

LUNC Holders React

The announcement has put smiles on the faces of many LUNC investors, who took to Twitter to express their reactions. @Rahimtk30 writes:

@Paj21Lukasz Said:

The Terra Classic community has eagerly anticipated more utilities for the LUNC to drive adoption. LUNC holders believe more adoptions will also boost the cryptocurrency’s value.

Since the transactions will be completed on-chain, the 0.2% tax burn will also apply to all LUNC payments, thus contributing to the ongoing burn program. At the time of writing this line, the ongoing burn program has succeeded in incinerating 26.4 billion LUNC tokens from Terra Classic supply.

According to Coingecko data, a unit of LUNC is trading at $0.00022 at press time. The token is down 6% in the last 24 hours following the recent dip in the crypto market. 

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Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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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