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Litecoin Becomes Most Used Crypto for Payments in June, Surging to 34.9% of Global Payments

Litecoin's share of global payments increased to 34.9% in June, surpassing Bitcoin and becoming the most used cryptocurrency for payments. This surge in usage has been attributed to users seeking less expensive alternatives to Bitcoin's high transaction fees. The creator of Litecoin, Charlie Lee, expressed surprise and excitement at this development. Despite a recent sell-off by large holders of Litecoin, known as "whales," the upcoming halving event is expected to drive up prices as it has in the past.

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