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CRYPTO: SWITCHING FROM SAVINGS TO PAYMENTS [INFOGRAPHIC]

Published on Jun 07, 2021

Scanteam.pro has conducted research and put together an infographic that depicts the companies and merchants open to crypto payments. Also, linked a quite interactive map that will allow you to spot a place nearby you to pay with Bitcoin, Ethereum, Dogecoin or other cryptocurrencies you have. As soon as you feel comfortable paying with crypto, make sure to check out the infographic and choose the most preferable way for you to make a purchase with crypto. See the full infographic: https://scanteam.pro/crypto/

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CRYPTO: SWITCHING FROM SAVINGS TO PAYMENTS

[INFOGRAPHIC]
Original source:
https://scanteam.pro/crypto/
Photo by Stanislaw Zarychta
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If some 10 years ago cryptocurrency was something complicated and difficult to access, several years ago things changed. Financial experts started to consider it as a good asset. But it doesn’t end there. Besides investments, cryptocurrency is becoming more commonly used in daily life. And our research from the Scanteam.pro team is here to prove it.

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We’ve analyzed the development of this payment system over the years, taking into account the most popular consumption fields. According to this, 93% of consumers are considering using emerging payments in the next year. In addition to contactless, these include biometrics, QR codes, as well as digital currencies. So, what is the future of this currency, and is it worth your time?

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NUMBER OF CRYPTOCURRENCY USERS
The best way to prove that the payment solution is popular is to make sure that it is widely used by real customers. For this reason, we’ve analyzed the statistics of each month in the period of June 2020–January 2021. And the results are astonishing: the number of cryptocurrency users has been growing constantly.
If in June 2020 there were 73 million users, in January 2021 this amount reached 106 million. According to the graphic, this growth is natural and smooth: new users appear each month. And we are sure that our next research will show even bigger growth.

Full infographic and statictics:
https://scanteam.pro/crypto/
5.

USERS BUY WITH CRYPTO
The statistics show that the highest demand is for Prepaid cards and Gift cards. It means that 41.15% of users prefer to pay for these services via crypto. While the other popular areas are:
- VPN/Hosting
- precious metals
- games & entertainment
- some daily spending, including food
This shows that the ways to use cryptocurrency are much diversified: digital solutions, payments for other services via prepaid cards, investments, food, entertainment.

Full infographic and statictics:
https://scanteam.pro/crypto/
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PROS OF SWITCHING TO CRYPTO
The rise of crypto’s popularity is due to several advantages that convince more and more users to try out this solution. These pros include anonymity, transaction speed, and security. That’s how it all works.
Anonymity is the first strong side of this payment solution. It’s especially popular in the iGaming industry.
Transaction speed represents another benefit: users don’t wait until the transaction is processed by third parties.
Security sums up the above. The payments are direct and protected properly.

Full infographic and statictics:
https://scanteam.pro/crypto/
7.

USERS PAY WITH BITPAY OR COINBASE
Our research also revealed the ways users find the most convenient to make payments. They are BitPay (27.18%) and Coinbase (14.95%). But Blockchain, Electrum, and Exodus Wallets are also rather popular. Plus, 21.8% of users selected the ‘Other’ option. As for BitPay, it’s popular both due to its convenient app and the Prepaid Mastercard. While Coinbase is a perfect place to start a crypto portfolio.

Full infographic and statictics:
https://scanteam.pro/crypto/
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MAJOR BRANDS THAT ACCEPT CRYPTO

It’s important not only to find out that users pay via crypto more often but to highlight the industries where these payments are available. We’ve checked the most popular directions and the brands that accept crypto.

Full infographic and statictics:
https://scanteam.pro/crypto/
9.

CRYPTO PAYMENT COMING SOON
It’s obvious that more and more brands are going to change their payment policy so that cryptocurrency will be the available and even the priority solution. And when the giants like eBay, Google, Uber, and Amazon will implement it, a kind of digital revolution will take place. Crypto will become even more available and accessible, so it’s just a matter of time.

Full infographic and statictics:
https://scanteam.pro/crypto/
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Check out the infographic:

https://scanteam.pro/crypto/ and share your comments with us.
Full infographic and statictics:
https://scanteam.pro/crypto/
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Thank you!

Full infographic and statictics:
https://scanteam.pro/crypto/

Alex Lysak

https://scanteam.pro/