Crypto Payments Surge in 2023, Indicating a Paradigm Shift in Retail and E-commerce

January 10, 2024
Crypto Payments Surge in 2023, Indicating a Paradigm Shift in Retail and E-commerce
  • In 2023, there was a significant increase in crypto payments in retail and e-commerce transactions.

  • CoinGate, a crypto payment processor, processed over 1.2 million crypto payments, marking a 39.4% increase from the previous record.

  • Binance Pay accounted for 8.2% of all crypto payments in 2023, exhibiting steady growth.

  • The Lightning Network facilitated 7.8% of all Bitcoin payments processed by CoinGate, indicating increasing acceptance.

  • Bitcoin's share of transactions processed by CoinGate decreased to 35.6% in 2023, while stablecoins like USDT saw increased usage.

  • Crypto-friendly merchants Eldorado.gg and IPRoyal reported a portion of their sales from crypto payments.

  • Overall, 2023 showed a significant shift in the adoption of cryptocurrency payments, with potential for further expansion in 2024.

Summary based on 0 sources


Get a daily email with more Crypto stories

More Stories