Payments made with crypto currency are becoming increasingly widespread in the European Union (EU) countries. According to a new report published by Oobit, approximately 70 %of all crypto money payments are made in retail and food and beverage areas. The average transactions are carried out with a dollar amount of 8.36 dollars. USDT is used in 92 %of the operations. The tourism sector draws attention as another area where crypto money payments become widespread by 26 %.
It stands out in retail and tourism crypto currency payments
Crypto money payments are most widely used in retail and food and beverage areas. According to the Oobit report, 70 %of all crypto currency transactions in Europe are carried out in these sectors. Stores, restaurants and small businesses have become one of the main points that accept payment with crypto currency.
According to the report, the tourism sector also has an important place in the use of crypto currencies. Hotels, airline companies and travel services make up 26 %of total payments. Tourists, low transfer fees and quick transactions offer crypto money payments are preferred.
In other areas such as government services, health and entertainment, expenditures are at 1.5 %. While the number of services that accept crypto money increases, especially small -scale transactions attract attention.
USDT Use and Effect of Technological Developments
According to the Oobit report, USDT is used in 92 %of crypto currency transactions in Europe. The USDT, known as the stable crypto currency, is adopted as a safe payment method thanks to its low volatility and constant value.
Technological developments play a major role in the spread of crypto money payments. Fast transfer technologies such as Lightning Network and crypto money -supported digital payment cards allow micro payments to be realized without any problems. Thanks to these innovations, users are more oriented to use crypto money in their daily shopping.
According to Chainalysis data, the use of crypto currencies in the central, northern and western regions of Europe increases by 44 %annually. Small -scale transactions, which are growing faster, especially compared to the USA, become a critical factor in the development of digital payment systems in Europe.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
