Bitrabo Editorial
A recent report from the crypto payment gateway CoinGate has highlighted the significant role of Shiba Inu (SHIB), Solana (SOL), and Litecoin (LTC) in the world of cryptocurrency payments.
CoinGate Sees Surge in Crypto Payments with Solana and Litecoin
The crypto payments sector is experiencing rapid growth, largely due to the increased popularity of alternative and meme coins within the financial industry. CoinGate’s latest report for the first half of 2024 sheds light on the state of crypto payments, with a total of 404,674 orders processed in the second quarter of the year.
Among the prominent cryptocurrencies identified by CoinGate for payments on its platform are Solana, Shiba Inu, and Litecoin. Solana, in particular, has witnessed significant growth following its integration into the platform, emerging as one of the top choices for users.
By providing low-cost, high-speed transactions and improved throughput capabilities, Solana has stood out as a preferred network for payments. CoinGate has expressed optimism about the future of Solana’s payment network and plans to expand support for more cryptocurrencies on the platform.
Litecoin has also demonstrated remarkable growth in crypto payments, with a substantial increase in payment counts in the second quarter of 2024 compared to previous quarters. This growth can be attributed to Litecoin’s advanced security features, speed, low fees, and reliability, making it a preferred option for users.
Shiba Inu Leads Meme Coin Payments on CoinGate
Shiba Inu stands out as a leading meme-based cryptocurrency for payments on CoinGate, responding to the community’s demand for SHIB payments. Following the expansion of SHIB support on the platform, there was a 76% increase in SHIB orders compared to the previous quarter.
The robust community of investors and supporters backing Shiba Inu has played a crucial role in driving its popularity and growth on crypto payments platforms.