A recent study found that Litecoin has become the second most common means of payment in black markets. The report also showed a significant increase in the use of Monero among similar English-speaking platforms.
Black markets increase altcoin usage
The study, conducted by Recorded Future, was to analyze the 150 leading "forums, marketplaces and services that provide illegal services»Darkweb to establish the scale of the adoption of alternative cryptocurrency by criminal circles in response to the increase in Bitcoin commission.
Recorded Future declares: "The meteoric growth of Bitcoin popularity among regular users, speculators and institutional investors since the middle of 2017, has heavily loaded the blockchain network, which led to a higher commission».
Litecoin - the second most dominant cryptocurrency Darqueb
The study showed that Litecoin is the second most used digital currency on the black markets: LTC payment systems are implemented on 30% of the platforms analyzed.
Despite the fact that Recorded Future found that an increasing number “since the middle of 2016, members of the cybercrime world have been unhappy with Bitcoin as a means of payment since the middle of the year”, Integrated payment systems BTC 100% of platforms.
The popularity of XMR is growing in English-speaking black markets.
On English-speaking platforms, XMR has become much more popular than on Eastern European.
Among the English-language platforms, Monero turned out to be the second most popular means of payment - XMR is integrated into the 15% of platforms. The third most common payment channel is LTC with 11%, followed by DASH and ETH with 9% each.
On Eastern European platforms, Litecoin became the second most popular means of payment, and LTC 35% of black markets were introduced. DASH turned out to be the third most popular - it was integrated with 24% platforms, then comes BCH with 15%, ETH with 9%, ZEC with 4% and XMR with 3%.