Litecoin (LTC) is number one in crypto payment volume in terms of payment volume on BitPay, a Bitcoin payment processor. Based on the analytics from BitPay, Litecoin currently takes up the heighest chunk of the crypto payments done with 41.76%, and Bitcoin (BTC) is now in the second position with 24.36% of the total payments.
Despite Bitcoin’s recent price rally caused by the success of spot Bitcoin ETFs, its usage as a payment method has not kept pace, as evidenced by the BitPay statistics.
Litecoin’s dominance on BitPay, despite Ethereum, Dogecoin, Polygon, Bitcoin Cash, and USD Coin options, underscores its growth as a digital transaction asset.
At the time of writing, Litecoin’s price stood at $89.10, up 4.68% in the last 24 hours. As its usage intensifies, Litecoin’s valuation metrics could potentially benefit from this positive momentum in the crypto payment ecosystem.
Also Read: Altcoins: Unveiling Their Essence, Mechanics, and Key Market Players
