Explosive Growth of Bitcoin as a Payment Method and Litecoin as the Most Used Cryptocurrency

Hello friends of Hive, Bitcoin has seen explosive growth as a payment method during 2023. There are already more than 6,000 companies that accept Bitcoin as a payment method, almost triple that of a year ago when there were just over 2,200. That shows how quickly Bitcon is being adopted despite the bad omens of early 2023.

I don't know how reliable the data provided by BTC Map based on OpenStreetMap is, but what is clear is that Bitcoin does not stop growing, whether with a rising price or a bear market like the one we had almost all of 2023. The adoption is underway and seems unstoppable right now.

The most curious thing about this data is that the greatest adoption of Bitcoin occurs in the United States and Europe. Contradicting the theory that Bitcoin is a solution for underbanked countries. Even so, adoption is widespread worldwide to a greater or lesser extent.

Another interesting fact of the year is how Litecoin has become the most used currency for transactions. This shows a trend whereby Bitcoin is recognized as a store of value and other cryptocurrencies such as Litecoin will be used for commerce. Perhaps many others will also have a place here, such as Hive. Although Hive already has HBD as a currency for transactions, it is fast, stable and cost-free. Much better than most alternatives on the market.

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