Litecoin (LTC) transactions have recently rebounded to near all-time highs as they gain ground in consumer finance, with Litecoin being used for payments. daily thanks to several recent partnerships.
Litecoin's transaction count has reached more than 140,000 in recent days after dropping close to the 100,000 mark in early October. Three days ago, the Litecoin Foundation tweeted about the launch of the LTC Visa debit card, backed by fintech firm Unbanked.
According to the card's homepage, potential customers will first register for a Litecoin Card account, deposit Litecoin at a specific wallet address, pass a KYC check, and get a card Litecoin default. The service claims that the registration process takes less than five minutes.
The Litecoin card, according to Coin Telegraph, aims to enable users to spend their LTC tokens at all digital merchants that use Visa as the payment processor — a number that the Litecoin Foundation estimates About 50 million.
The next day, the Litecoin Foundation released another tweet about Verifone's partnership with BitPay. Verifone is one of the largest point-of-sale payment processors in the world, facilitating approximately $440 billion annually in annual transactions. BitPay is a cryptocurrency payment processor that handles over 60,000 consumer transactions each month including Bitcoin (BTC), Ethereum (ETH), Litecoin and more.
Litecoin was launched in 2011 with the stated goal of silver becoming bitcoin's gold. And based on data from CryptoWork, there are now 3,111 companies worldwide that accept Litecoin directly as payment, up from 2,230 in the same period last year.
