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bitpay reports significant growth in crypto transactions led by litecoin in 2024

In 2024, BitPay processed 608,000 crypto transactions, with Litecoin leading at 201,165 payments, followed by Bitcoin at 130,250 and Ether at 56,356. The report highlighted a strong correlation between rising crypto prices and increased spending on luxury goods, with the U.S. accounting for over 76% of transactions. Despite the growth in crypto payments, retail transactions remained low, representing only 3% of total payments from 2021 to 2023, while stablecoins gained traction, making up over a third of crypto transactions.
Cointelegraph
Deutsche Bank RV Global PP Tether USDt CNY USA Monty Munford
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17:51 14.01.2025
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