Litecoin transactions reach almost an all-time high
The number of Litecoin transactions has recently surpassed 140,000. Three days prior, the Litecoin Foundation announced the launch of its LTC Visa Debit card. The card is being developed by Unbanked, a fintech company.
The sign-up procedure, according to the business, takes less than five minutes. Customers must sign up for a Litecoin Card account, deposit LTC into the wallet address, pass through KYC procedure and finally receive the card.
The Litecoin card is intended to allow users to utilize their LTC at any digital business that accepts Visa as a payment processor. According to the Litecoin Foundation, there are around 50 million such businesses.
On Thursday, the Litecoin Foundation tweeted about Verifone's partnership with BitPay. BitPay is a cryptocurrency payment processor that processes over 60,000 customer transactions every month using Bitcoin, Ether, Litecoin, and other cryptocurrencies.
Litecoin first appeared in 2011 with the declared goal of being "the silver to Bitcoin's gold." There are currently 3,111 establishments that take LTC as payment method, up from 2,230 in the same period last year. Merchant acceptance of LTC is now somewhat less than half that of Bitcoin.