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

Terra LUNC Community Approves New Measure to Reduce Tax Burn
Terra LUNC Community Approves New Measure to Reduce Tax Burn

LUNC is now compatible with Google Pay, Samsung Pay, and Apple Pay for payments, as 180 nations now accept LUNC payments from the Terra Classic Community

Travis Dickenson, popularly known as Travaladd Crypto, a well-known crypto influencer, revealed that Terra Luna Classic has now been merged with Okse via a tweet. As a result, users of this non-custodial crypto wallet get access to a Visa card that enables them to make payments with cryptocurrency.

As a result, consumers may now use their LUNC to make payments using Apple Pay, Samsung Pay, and Google Pay in 180 different countries.

Eljaboom further asserts that since everything is taking place on-chain, the 1.2% burn tax applies. Significantly, many community members have praised Travaladd Crypto and Eljaboom for their efforts in making the development possible.

Both influencers direct users to purchase OKSE, which is only now offered on Bybit and Pancake Swap. Users must complete a KYC, deposit BEP20 LUNC to the wallet, and then deposit the same amount to the card to use LUNC for payments. Watch the video here:

The official OKSE Twitter account retweeted every tweet, verifying the development.

A Big Win For Terra LUNC Community

It is important to note that this is a significant victory for the community because it provides on-chain utility, which has been an issue since the town began its reconstruction efforts.

Additionally, because it will be subject to the 1.2% tax burn, the rate of burns could be considerably accelerated. The community is currently voting on a proposal to lower the tax parameter to 0.2% to encourage on-chain transactions, as volumes have mainly decreased since the tax’s adoption.

It is essential to note that the LUNC community has begun working on rebuilding the chain since taking control of it in August. 

The three primary objectives of the current initiatives have been to reduce the supply of LUNC, develop the supply chain to draw in projects, and regain control of the TerraClassicUSD (USTC) currency peg.

LUNC is now trading at $0.0002964, up 4.12% in the past few hours.