Litecoin ATM Network Follows Bitcoin And Surpasses 3,700 Kiosks Globally

Litecoin has a great year so far, with various achievements.

Litecoin’s halving did not bring a boost for the coin’s price

On the other hand, a while ago, LTC witnessed the halving process, and it was not quite what everyone expected.

The Litecoin network experienced its second halving back on August 6.

The event saw the reduction of block mining reward from 25 LTC to 12.5 LTC.

Before this, there have been a lot of speculations about the potential impact that this event could have on the price of LTC.

But as you may already know, since the halving, we have not witnessed a bigger price for the coin.

Litecoin is in the news following the latest achievement.

Litcoin has the second-largest crypto ATM network

They have the second-largest crypto ATM network with exactly 3,709 kiosks all over the world that are supporting LTC.

The data is cited by the Daily Hodl from info compiled by CoinATMRadar.

The online publication also mentions LTC enthusiast Smaulgd who pointed out the fact that the network has increased by 84 machines during the past 12 days.

It’s also important to add that 26 machines have been added only on September 8th.

“Second only to Bitcoin’s ATM network of 5,550 ATMs worldwide, the network of ATMs supporting Litecoin is rapidly approaching the sum of all ATMs supporting all altcoins combined. That figure currently stands at 3,928,” according to the online publication’s notes.

Crypto ATMs support mass adoption of digital assets

Crypto ATMs are offering users easy access to digital assets and they obviously support the mainstream adoption of crypto, that’s why they’re vital.

There have been a lot of moves made towards the achievement of this huge goal of crypto mass adoption.

Another important achievement that the crypto space is waiting for involves more regulation and clarity for the crypto space because this would bring more institutional investors.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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