- World's largest and most well-known brands are tapping into the growing cryptocurrency market through Bitpay's partnership with Verifone.
- Spike in Litecoin payments is driving altcoin's on-chain activity higher.
- Litecoin has offered the third-highest risk-adjusted returns over the past 24 hours.
- Institutional investors have historically favored altcoins that have been around for over four years, like Ethereum and Litecoin.
Litecoin on-chain activity exploded with a rise in payments on the network. The altcoin currently ranks in the top 20 cryptocurrencies based on market capitalization.
The adoption of Litecoin payments is on the rise
BitPay, a Bitcoin service provider and Verifone have partnered to drive the adoption of digital payments through Litecoin. Verifone, an American multinational firm, works with over 600,000 merchants and manages over $10.4 billion in transactions online. In-store transactions of Verifone exceed $440 billion.
The firm's merchant base has offered Litecoin exposure to well-known brands looking to tap into the growing cryptocurrency market.
#PaywithLitecoin: Verifone works with more than 600,000 merchants. The company manages more than 10.4 billion online and in-store transactions annually, totaling more than $440 billion. #Litecoin $LTC https://t.co/PZ6NKEStd9
— Litecoin (@litecoin) October 25, 2021
