In a recent tweet, BitPay has unveiled an exciting development for Litecoin (LTC) enthusiasts, revealing that they can now conveniently replenish their Microsoft accounts using their LTC holdings. This move further underscores the growing trend of cryptocurrency adoption, with an increasing number of businesses embracing digital currencies for transactions, including the popular Litecoin.
This announcement follows BitPay’s declaration in November that Litecoin has been integrated into the payment options at Mecum Auctions. Mecum Auctions, a renowned platform specializing in the sale of collectible cars, vintage/antique motorcycles, and road art since 1988, has joined the list of enterprises accepting Litecoin as a valid form of payment. BitPay, a leading cryptocurrency payment service provider, supports a range of digital assets, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), XRP (XRP), Dai (DAI), Binance USD (BUSD), USD Coin (USDC), Wrapped Bitcoin (WBTC), Pax Dollar (USDP), and Gemini Dollar (GUSD).
Notably, on December 1, the Litecoin team reported a significant milestone for the LTC network, highlighting that it processed an impressive six million transactions in the past month. This surge in activity reflects the ongoing growth of the network. Moreover, the number of active unique addresses on the Litecoin network reached 6.3 million in November, while data from IntoTheBlock indicates that the total addresses with a balance have surged to a new high of 9.28 million.
In the long term, the total number of addresses with a balance serves as a key indicator of interest and investment in a specific cryptocurrency. A rise in this metric is generally seen as a positive sign, indicating a robust and expanding user base. Despite a slight 1.86% dip in the last 24 hours, with LTC trading at $71.86 at the time of writing, the broader developments signal a growing acceptance and utilization of Litecoin in various sectors.
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