In order to allow users to use Terra Classic (LUNC) as a payment method, FCF Pay, a cryptocurrency payment gateway, has launched support for the token. The Terra Rebels admin and marketing representative, reXx, revealed the news yesterday.
ReXx announced the development on Twitter yesterday: “Thank you @fcfpay for listing Luna Classic as a currency.”
Read article: Review: The Significant Growth in Terra Classic network
FCF Pay Adds LUNC to its List of Top Cryptos
LUNC has now been added to the list of cryptocurrencies supported by FCF Pay, joining the likes of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin, Shiba Inu (SHIB), Ripple (XRP), etc.
FCF Pay is a platform for online shopping that enables customers to utilise cryptocurrencies to pay for goods and services. The leading cryptocurrencies with sizable populations have been included to the payment solution located in Canada.
Shiba Inu, Bone ShibaSwap, and BabyDoge are a few of the tokens in this category. It is hardly shocking that the payment company has included Terra Classic in its list of supported cryptocurrencies. Recall that with the collapse of the Terra ecosystem in May, LUNC became a community-led initiative.
Since FCF Pay interacts with popular e-commerce systems like Magento, Woo Commerce, Prestashop, Adobe Commerce, etc., the coin can now be used as a payment option in various online stores.
Reaction Among LUNC Holders
Many LUNC investors were delighted by the news and expressed their feelings on Twitter. Writing as @Rahimtk30:
The Terra Classic community has anxiously anticipated additional LUNC utilities to promote adoption. Owners of LUNC think that more adoptions will increase the currency’s value.
All LUNC payments will be subject to the 0.2% tax burn since the transactions will be processed on-chain, adding to the program’s continuous burn. As of the time this sentence was written, the current burn operation had successfully destroyed 26.4 billion LUNC tokens from the supply of Terra Classic.
At the time of publication, a unit of LUNC was selling for $0.00022, according to Coingecko data. Following the current decline in cryptocurrency, the token is down 6% over the past 24 hours.