CRYPTO PAYMENTS ARE STILL NOT MAINSTREAM
Only 2.3% of US internet users use cryptocurrencies, despite the astounding growth of cryptocurrency payments by US adults.
According to data by Insider Intelligence/eMarketer, 5.5 million US adults will use cryptocurrency to make payments in 2023, an increase of over 350% in three years.
Yet, this only makes up only 2.3% of US internet users.
Other payment options are more popular such as proximity mobile payments – using NFC to pay for goods and services at a physical point-of-sale. They are projected to have 105.9 million users ages 14 and up next year.
Insider Intelligence/eMarketer
The graph demonstrates that the percentage of adopters of cryptocurrency payments remains low despite many cryptocurrency users.