The raison d’être of many altcoins was to improve on Bitcoin’s transaction times and fees. But with Lightning Network performing much the same functions for Bitcoin, are these altcoins really necessary any more? Not so much, according to figures from online retailer Bitrefill.
Bitrefill originally just sold mobile phone top-ups online, but added gift-vouchers for sale in July 2018. The range of vouchers available (from Amazon to Uber to Hotels.com) meant shoppers could then purchase virtually anything with cryptocurrency.