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🛍️💳 Crypto Payments in the EU: Retail & Food Lead the Way
A recent survey by cryptocurrency payment platform Oobit has revealed that 70% of crypto transactions in the European Union are spent on retail, food, and beverages. 🏬🍔🥤
📊 Key Findings
📌 The average payment amount using the Oobit app is $8.36 💵
📌 The average deposit into the app is around $85 💰
📌 26% of crypto payments go toward travel-related expenses ✈️🏨🚆
🏪 Where Is Crypto Being Spent?
🔹 Retail stores are seeing a major influx of crypto payments 🏬🛒
🔹 Restaurants & cafes are embracing digital currency transactions 🍕☕
🔹 Hotels & transportation services are also popular choices 🚖🏨
🔮 The Future of Crypto Payments
As crypto adoption grows across Europe, low-cost, fast, and convenient transactions are making digital currencies a preferred payment method. 🚀📲
With more businesses accepting crypto, we can expect even broader adoption in the coming years! 🌍💡
Would you use crypto for everyday purchases? 🤔💳🔗
$ETH
$XRP
#VoteToListOnBinance #BinanceLaunchpoolNIL #FedWatch #Oobit #CryptoPayments
📊 Key Findings
📌 The average payment amount using the Oobit app is $8.36 💵
📌 The average deposit into the app is around $85 💰
📌 26% of crypto payments go toward travel-related expenses ✈️🏨🚆
🏪 Where Is Crypto Being Spent?
🔹 Retail stores are seeing a major influx of crypto payments 🏬🛒
🔹 Restaurants & cafes are embracing digital currency transactions 🍕☕
🔹 Hotels & transportation services are also popular choices 🚖🏨
🔮 The Future of Crypto Payments
As crypto adoption grows across Europe, low-cost, fast, and convenient transactions are making digital currencies a preferred payment method. 🚀📲
With more businesses accepting crypto, we can expect even broader adoption in the coming years! 🌍💡
Would you use crypto for everyday purchases? 🤔💳🔗
$ETH
$XRP
#VoteToListOnBinance #BinanceLaunchpoolNIL #FedWatch #Oobit #CryptoPayments
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Crypto Payments in the EU: Stablecoin Dominance, Retail Rising
According to the report from #Oobit , most cryptocurrency payment transactions in the EU are focused on daily needs such as retail shopping, food, and beverages, accounting for up to 70% of total transactions. The average payment amount is only about $8.36, indicating that crypto is gradually becoming a convenient payment method in everyday life.
Additionally, 26% of transactions are used for travel, including hotels and airfare, reflecting the growing trend of using crypto in the service industry. However, sectors such as government, healthcare, and entertainment only account for 1.5%, indicating that there are still many barriers to applying crypto in public sectors.
The most notable point is that 92% of transactions are conducted using #USDT , despite this stablecoin facing regulation #MiCA from the EU that will take effect at the end of 2024. This shows the dominance of USDT in the field of crypto payments in Europe, as users prioritize the stability of this stablecoin over other cryptocurrencies.
According to Chainalysis, the acceptance rate of crypto in Central, Northern, and Western Europe has increased by 44% compared to the previous year, mainly due to small transactions under $1 million, especially transactions focused on stablecoins. This reflects the strong development of crypto in micro-payments, bringing cryptocurrency closer to becoming a popular payment method in the digital economy.
According to the report from #Oobit , most cryptocurrency payment transactions in the EU are focused on daily needs such as retail shopping, food, and beverages, accounting for up to 70% of total transactions. The average payment amount is only about $8.36, indicating that crypto is gradually becoming a convenient payment method in everyday life.
Additionally, 26% of transactions are used for travel, including hotels and airfare, reflecting the growing trend of using crypto in the service industry. However, sectors such as government, healthcare, and entertainment only account for 1.5%, indicating that there are still many barriers to applying crypto in public sectors.
The most notable point is that 92% of transactions are conducted using #USDT , despite this stablecoin facing regulation #MiCA from the EU that will take effect at the end of 2024. This shows the dominance of USDT in the field of crypto payments in Europe, as users prioritize the stability of this stablecoin over other cryptocurrencies.
According to Chainalysis, the acceptance rate of crypto in Central, Northern, and Western Europe has increased by 44% compared to the previous year, mainly due to small transactions under $1 million, especially transactions focused on stablecoins. This reflects the strong development of crypto in micro-payments, bringing cryptocurrency closer to becoming a popular payment method in the digital economy.
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