1 in 10 people worldwide use crypto as payment for goods and services

February 14, 2019
Darya Karatkevich

According to the new report released by Kaspersky Labs, around 13% of people globally, or 1 in every 10, now use cryptocurrency as payment for goods and services. With debit and credit cards remaining the dominant part of online shopping, 13% is still a benchmark for cryptocurrency, debunking the popular myth that crypto has no use in online retail.

pay crypto

To comprise the report, Kaspersky Labs held a survey among 12,000 consumers in 22 different countries. According to Vitaly Mzokov, Head of Verification at Kaspersky, these numbers came as a positive surprise to them.

“There is still a strong desire for digital transactions amongst consumers,”

Mzokov noted.

Since its introduction in 2008, cryptocurrency went through a long path of being only a prerogative of a few to a currency widely adopted worldwide, from first to third world countries. In some countries – for example, Venezuela and Iran – cryptocurrency is a means for survival, while in others, like the United States – it’s now a regular payment method for taxes. All experts come to one conclusion: the easier the use of cryptocurrency would be, the faster full mass adoption will come into play. Just last month, the first crypto debit card was released in the U.S., called BlockCard™. Moving us closer to the mass adoption of crypto, it allows spending cryptocurrencies anywhere in the world, where debit or credit cards are accepted.

Post written by Darya Karatkevich
Darya is a blockchain market observer with 5+ years of experience as an author and editor for major tech blogging platforms. Her fortes are blockchain technologies and solutions, cryptocurrencies and crypto-related regulations.

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