Gather ’round, dear readers, for a tale of triumph and ticklish transactions! At the grand Litecoin Summit in the dazzling land of Las Vegas, the ever-charming Merrick Theobald from BitPay burst forth with news so splendid, it could make a grumpy goblin grin! 🎊 Litecoin, that cheeky little cryptocurrency, has wiggled its way to a whopping 40% of all transactions on BitPay’s platform! Can you believe it? It’s like finding a golden ticket in a chocolate bar!
Now, let’s not forget our friends at BitPay, who have been gallivanting in the crypto world since 2011, helping big names like Ferrari North America, AMC Theatres, and the Dallas Mavericks accept cryptocurrency while they settle payments in good ol’ U.S. dollars the very next day. Talk about a speedy service! 🏎️💨
With a twinkle in his eye, Theobald exclaimed, “We work with companies, big companies, like Ferrari North America, AMC movie theaters, uh, the Dallas Mavericks, and they accept crypto, and they get settled in US dollar.” It’s like a magic show, but with money! 🎩✨
⚡️JUST IN: @MerrickTheobal3, VP of Marketing at @BitPay reveals:
Litecoin remains our most popular crypto in Nashville – even ahead of #Bitcoin in April!
May stats coming soon, but @litecoin continues to lead the charge in real-world payments. ~ At #LitecoinSummit2025…
— The Crypto Times (@CryptoTimes_io) May 30, 2025
Once upon a time, BitPay was all about Bitcoin, but in the summer of ’21, they decided to give Litecoin a whirl. Theobald called it a “turning point,” and who could argue? It’s like discovering a new flavor of ice cream that you never knew you needed! 🍦
With its low fees and lightning-fast transaction times, Litecoin has become the darling of the crypto world. Theobald shared, “Litecoin is our most transacted cryptocurrency, by the number of transactions, not by revenue.” So while Bitcoin may be the big spender, Litecoin is the busy bee buzzing around making all the little transactions! 🐝
According to the wise folks at bitpay.com, in April 2025, Litecoin zoomed past Bitcoin in the number of transactions. Earlier, in early 2024, it had already crossed that magical 40% mark! It’s been a rollercoaster ride, but Litecoin’s popularity remains as strong as a bull in a china shop! 🐂
The top countries waving the Litecoin flag are the U.S., U.K., Netherlands, Germany, and Poland. Sorry, Canada and Australia, you’ve been benched! Litecoin is particularly loved in industries like VPN and hosting services, internet services, IT, and gaming. It’s like the Swiss Army knife of cryptocurrencies! 🛠️
And let’s not forget the big bucks! The largest Litecoin payment processed by BitPay last year was for a jaw-dropping $125,000 luxury watch. Other extravagant purchases included a $50,000 hosting subscription and a $45,000 gold and precious metals order. Who knew Litecoin could be so posh? 💎
BitPay also uses Litecoin for payouts, making it the number one choice for many companies paying affiliates, rewards, and rebates worldwide. Theobald proudly declared, “Our number one payout coin is Litecoin, followed by Bitcoin.” Since early 2022, Litecoin has been raking in nearly half of BitPay’s payouts, thanks to its speed and low cost. It’s like the hare in the race, leaving the tortoise in the dust! 🐇💨
For the everyday user, Litecoin is a trusty companion for online shopping, paying bills, buying gift cards, and booking travel with partners like Vacation Genie. Theobald painted a picture: “If you’re in line at Home Depot, and you want to use your Litecoin, and you have our app already, you buy a Home Depot gift card right there for $450, and you can complete it within seconds.” It’s like magic, but without the rabbits! 🐰✨
And guess what? BitPay plans to bring back its prepaid debit card in 2025 after a little hiccup with banking rules. In Argentina, some developers prefer to receive their full payment in cryptocurrency because the peso is as stable as a wobbly table! 🍽️
With Litecoin making up over 40% of BitPay’s transactions, strong support from the platform, and innovations like the LitVM Layer-2 network, it looks like Litecoin is ready to keep its crown in the whimsical world of crypto payments! 🎉
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2025-05-30 23:19