Cryptocurrency Although its markets have lost a lot of blood in the last year, its usage areas and general acceptance are definitely increasing day by day. According to recent research, crypto payments in the e-commerce sector continued to become popular in 2022.
Crypto payment processor CoinGatein its research report published today “despite the bear market last year” He points out that there has been an increase in crypto payments made over the internet.
According to the research, e-commerce merchants using the CoinGate infrastructure received approximately 960,000 crypto payments during 2022. This figure is about 65% more than the 590,000 payments made in 2021.
The report authors calculated that with the increasing number of transactions, a crypto payment occurs in the e-commerce sector every 34 seconds.
Which Crypto Used Most for Payments?
According to the report published by CoinGate, the most frequently used cryptocurrency in e-commerce payments is by far. Bitcoin (BTC) it happened.
48% of payment transactions completed in 2022 took place on the BTC network. Tether’s stablecoin USDT took the second place with 14.8%. Those who follow this duo are, respectively, ETH, LTC and TRX it happened.
According to historical data, altcoins are getting stronger when it comes to crypto payments. In 2021, the payment rate with BTC was around 55%.
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