On June 25, 2025, Luxxfolio Holdings Inc. (CSE: LUXX, OTCQB: LUXFF), a digital infrastructure firm, announced that the creator of Litecoin, Charlie Lee, and the Director of Strategic Partnerships at the Litecoin Foundation, David Schwartz, have joined its advisory board.
This strategic move adds weight to Luxxfolio’s position in the cryptocurrency ecosystem, specifically in regards to advancing high-integrity internet monies as pristine digital assets amidst a developing monetary order.
As a decentralised solution to known bitcoin shortcomings, litecoin’s significantly increasing transaction market share over the years has turned it into an attractive treasury asset for businesses in search of cryptocurrencies which simply execute what’s written on the tin without fluff, downtime or other theatrics which are all too common in the space.
Since 2017, litecoin’s daily transaction activity surged from around 2,000 transactions per day to 300,000 today, despite its modest market capitalisation of $6.4 billion.
This discrepancy has peaked the interest of a growing number of speculators, traders and tradfi firms, many of whom anticipate LTC to follow in the footsteps of BTC in part due to snowball fundamental data and network effects.
Litecoin Adoption is Surging
Despite being 300x smaller in market cap than Bitcoin, Litecoin is catching up in real-world usage, and fast.
Every passing day, $LTC is being used just as frequently as $BTC for:
💳 Payments
💸 Transfers
⚡ Instant low-fee transactionsIt’s not… pic.twitter.com/QZVE5ZtMtG
— Santolita (@SantoXBT) June 16, 2025
Charlie Lee, a computer scientist and MIT graduate, launched Litecoin in 2011 as a faster, more scalable alternative to Bitcoin. With prior roles at Google and Coinbase, Lee brings extensive expertise in both bitcoin technology and decentralised finance.
As the Director of the Litecoin Foundation, Lee continues to champion Litecoin’s adoption for low-cost, efficient transactions. David Schwartz, with over 20 years of experience in program management, leads development initiatives at the Litecoin Foundation, focusing on Litecoin Core and strategic partnerships.
“We are excited to welcome Charlie and David to our team. Their experience and insights will be invaluable as Luxxfolio continues to execute on its strategic initiatives,” said CEO Tomek Antoniak. Luxxfolio’s recent expansions include Litecoin mining, node deployment, and developing stablecoins and merchant processing solutions.
Lee and Schwartz’s involvement aligns with the company’s vision to drive mainstream cryptocurrency adoption, positioning Litecoin as a cornerstone for secure, everyday digital payments.
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