Litecoin has achieved second place in the number of ATMs available worldwide. The cryptocurrency that was initially generated through a Bitcoin fork now has more than 3,700 ATMs spread across several countries.
Despite generally having high commission rates, cryptocurrency ATMs are a simple way to convert traditional currencies into digital assets.
Following the news of the halving reward reduction, Litecoin has once again become a topic of discussion in the world of cryptocurrencies by having the second largest network of cryptocurrency ATMs, with exactly 3,709 machines that support the purchase / sale of LTC.
The data were cited by the Litecoin enthusiast who uses the name "Smaulgld" in social networks, based on information collected by CoinATMRadar.
"Smaulgd" also noted the fact that the network has increased by 84 machines in the last 12 days, with 26 machines added on September 8.
According to data from the CoinATMRadar site, Litecoin only loses in front of the 5,550 Bitcoin ATM network.
In addition, the network of ATMs that support Litecoin is rapidly approaching the sum of all ATMs that support all the combined currencies. Currently this number is 3,928.
According to experts, one of the data to measure the adoption of cryptocurrencies is the number of ATMs available. Cryptocurrency ATMs provide users with easy access to digital assets.
The Litecoin network had its second half reduction in the reward for miners on August 6, 2019. The event saw the reduction of the mining reward per block from 25 LTC to 12.5 LTC – the reduction is called halving .
There was much speculation about the potential impact this event could have on the price of LTC, but the cryptocurrency did not show a price increase after its reduction in the miner's reward.
Check the Cointelegraph article on how the digital asset behaved during halving in its mining process.
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