At the Litecoin Summit in Las Vegas, Merrick Theobald of BitPay announced some great news: Litecoin now accounts for over 40% of all transactions on BitPay’s platform. This highlights how much more people are using Litecoin for everyday payments.
BitPay has been a major player in crypto payments since 2011. They work with big companies like Ferrari North America, AMC Theatres, and the Dallas Mavericks, helping them accept cryptocurrency while settling payments in U.S. dollars the next day.
Theobald said, “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.”
Though BitPay originally focused mostly on Bitcoin, they started accepting Litecoin in 2021. Theobald called this a turning point. “In the summer of 21, we first, uh, started to accept Litecoin, and it has been a blessing ever since.”
Litecoin’s low fees and fast transaction times make it very popular. Theobald explained, “Litecoin is our most transacted cryptocurrency, by the number of transactions, not by revenue.” While Bitcoin transactions are often bigger in dollar amount, Litecoin is used more frequently.
Data from bitpay.com shows that in April 2025, Litecoin passed Bitcoin in the number of transactions. Earlier, in early 2024, Litecoin’s transaction share went above 40% for the first time. Although there have been some ups and downs since then, interest in Litecoin has remained strong overall.
The top countries using Litecoin for transactions are the U.S., U.K., Netherlands, Germany, and Poland. Canada and Australia are no longer in the top five. Litecoin is popular in industries like VPN and hosting services, internet services, IT, and gaming. VPN and hosting have driven growth this year due to rising demand for digital infrastructure.
Litecoin handles big payments, too. The largest Litecoin payment processed by BitPay last year was for a $125,000 luxury watch. Other big purchases included a $50,000 hosting subscription and a $45,000 gold and precious metals order. This shows Litecoin can be used for both everyday buys and large deals.
BitPay also uses Litecoin for payouts. Many companies pay affiliates, rewards, and rebates worldwide through BitPay. Recipients can pick their preferred cryptocurrency. Theobald said, “Our number one payout coin is Litecoin, followed by Bitcoin.” Since early 2022, Litecoin has made up nearly half of BitPay’s payouts, thanks to its speed and low cost.
For regular users, Litecoin works for shopping online, paying bills, buying gift cards, and booking travel with partners like Vacation Genie. Theobald gave an example: “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.”
Platforms like Coupon Cabin, Ludibly, PrizeRebel, and Simply Codes let people earn free Litecoin by shopping or taking surveys. Theobald believes this helps people learn about crypto without risking money. “Not everybody understands cryptocurrency, and they’re afraid to buy cryptocurrency, but if you were given cryptocurrency, you might learn about it.”
BitPay plans to bring back its prepaid debit card in 2025 after losing it due to banking rules. In Argentina, some developers prefer to receive their full payment in cryptocurrency because the peso is very unstable.
Thanks to Litecoin making up over 40% of BitPay’s transactions, strong backing from the platform, and innovations like the LitVM Layer-2 network, Litecoin looks ready to keep its lead in crypto payments around the world.
Also Read: Yago Reveals Why Litecoin’s LitVM is a Step Ahead of Bitcoin
