Microsoft now accepts Litecoin (LTC) cryptocurrency payments

In a constantly evolving world, the acceptance of payments with cryptocurrencies is becoming increasingly common due to greater acceptance by many companies of payments in crypto assets. This time, the good news is for Litecoin (LTC) holders and Microsoft users.

Blockchain payment technology giant BitPay has shared information that Litecoin cryptocurrency investors can now top up their Microsoft accounts using their LTC tokens.

#PaywithLitecoin ⚡️ https://t.co/tWCaopWnua

— Litecoin (@litecoin) December 5, 2023

Last month, Mecum Auctions, a seller of collectible cars and vintage motorcycles, also started accepting payments in Litecoin, as reported by BitPay.

Earlier this month, the team behind Litecoin highlighted the network’s recent growth, reporting that the network processed six million transactions in November.

“The number of active addresses (active unique addresses) on the network reached 6.3 million last month! Increase of more than 37% compared to the previous month. With the total number of addresses with a balance reaching a new record of 9.3 million!” he wrote.

At the time of publication, the price of Litecoin was listed at US$71.97, down 1.1% in the last 24 hours. The cryptocurrency recorded a trading volume of US$588,876,985 during this period. The 20th largest cryptocurrency has seen its price grow by 3.8% in the last seven days.

Alta LTC?

It is worth remembering that cryptocurrency analyst Ali Martinez shared a recent analysis on the movement of Litecoin (LTC), signaling a possible bull run for the cryptocurrency soon.

Martinez highlighted the correlation between the reserves of large investors in the LTC token and its price movements. The expert noted in his analysis a possible rise in prices if this trend continues with an increase in whale participation.

“There is a fascinating correlation to observe – the link between whale reserves in $LTC and their price movements. If this trend continues, an increase in #LTC whale holdings could just be the sign of the next price rise,” he wrote.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.