Litecoin Daily Transactions Near To All-Time Highs - Bull Run Is Near.

Litecoin Daily Transactions Near To All-Time Highs - Bull Run Is Near.

2021-10-29 | Big Bob

Litecoin Daily Transactions Near To All-Time Highs - Bull Run Is Near.

After dipping below 100,000 in early October, the number of Litecoin (LTC) transactions has risen to above 140,000 in recent days. The Litecoin Foundation had tweeted three days before about the debut of their LTC Visa Debit card, which was powered by fintech firm Unbanked. Potential customers would first register for an LTC Card account, deposit LTC into a specific pockets address, pass a know-your-customer check, and receive a digital Litecoin Card, according to the cardboard's webpage. The sign-up process, according to the service, takes less than 5 minutes. Litecoin Daily Transactions Near To All-Time Highs - Bull Run Is Near.

5- Day LTC Price Chart - Source: Tradingview.com

The Litecoin card is designed to allow clients to spend their LTC at any digital shop that accepts Visa as a payment method, which the Litecoin Foundation expects to be over 50 million people. The LTC Foundation followed up with another tweet on Verifone's BitPay partnership the next day. Verifone is one of the largest point-of-sale cost processors in the world, processing around $440 billion in yearly transactions. BitPay is a cryptocurrency payment processor that handles over 60,000 monthly customer transactions using Bitcoin (BTC), Ethereum (ETH), Litecoin  (LTC), and other cryptocurrencies. Litecoin was established in 2011 with the stated purpose of being "the silver to Bitcoin's gold." According to cryptwerk statistics, there are 3,111 enterprises worldwide that accept LTC as payment right now, up from 2,230 in the same period last year. At the moment, the digital currency's service provider acceptability is just half that of Bitcoin.

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