CRYPTO PAYMENTS ARE STILL NOT MAINSTREAM

2022-07-17

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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.

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Insider Intelligence/eMarketer

The graph demonstrates that the percentage of adopters of cryptocurrency payments remains low despite many cryptocurrency users.