Microsoft also announced plans to will use the Litecoin platform as a foundation for its decentralised identity system - along with Bitcoin and Ethereum.
Litecoin users will be able to convert Litecoins to dollars and vice versa through their Visa-compatible LitePay cards, which will be usable at all ATMs or businesses that support Visa payments.
On February 14 alone Litecoin has seen a rise of more than 30 percent on recent prices.
On December 8 last year, Litceoin took a slight tumble down to $96 after months of relative stability.
within few days, the cryptocurrency reach dizzying heights of $300 to £400, first hitting a high of $327 on December 12 and thereby outperforming Bitcoin.
