Litecoin - the second most used crypto currency in the black market

Litecoin – the second most used crypto currency in the black market

Cryptocurrencies

A recent study has shown that Litecoin has become the second most common means of payment in the black markets. The report also showed a significant increase in the use of Monero among similar English-language platforms.

Black markets increase the use of altcoyins

The study, conducted by Recorded Future, consisted of an analysis of 150 leading “forums, trading platforms and services that provide illegal services“Darkweb, to establish the scale of the adoption of alternative crypto criminals in criminal circles in response to a rise in the bitcoin commission.

Black markets increase the use of altcoyins

Despite the fact that Recorded Future found that an increasing number of “members of the cybercrime world was dissatisfied with bitcoin as a payment tool since the middle of 2016“, Integrated BTC payment systems 100% of the platforms.

Among the English-speaking black markets, the popularity of XMR

On English-speaking platforms, XMR has become much more popular than the East European ones.

Percentage of the use of crypto-currencies in a darkweave

Among the English-language platforms Monero was the second most popular payment tool – XMR is integrated into 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 35% of black markets were introduced by LTC. DASH was the third most popular – it was integrated by 24% of the platforms, followed by BCH with 15%, ETH with 9%, ZEC with 4% and XMR with 3%.