Litecoin (LTC) is experiencing a surge in its utility for payments, with a recent report highlighting a 50% increase in usage on the popular crypto payment processor BitPay. This milestone achievement has caught the attention of the cryptocurrency community, as Litecoin solidifies its position as one of the preferred cryptocurrencies for everyday transactions.
BitPay Reports Surge in Litecoin Payments
BitPay, a leading global crypto payment processor, has seen a significant rise in the percentage of Litecoin payments from spring to summer. This surge in utility reflects the growing adoption and acceptance of Litecoin as a practical digital currency for daily transactions.
Litecoin Network Surpasses 175 Million Transactions
As the Litecoin network celebrates surpassing 175 million transactions, it signifies a remarkable trend of growth and scalability. Compared to only 39 million transactions in 2022, this year has already recorded over 46 million transactions. These impressive numbers further demonstrate the increasing usage and potential of Litecoin within the crypto ecosystem.
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