Crypto Payments Surge in Europe, Led by Stablecoins
A recent Oobit report shows that crypto payments are gaining popularity in Europe. Stablecoins are becoming the go-to choice for everyday transactions.
On June 2, Oobit shared insights into how Europeans are using crypto. The data reveals that stablecoins made up over 75% of purchases on its platform. This trend highlights a shift towards using digital currencies for daily needs.
users are now using crypto for retail and travel expenses.In Germany, Spain, and Poland, people buy more food and drinks with crypto. In France, Italy, Greece, and Ireland, travel costs are the main use. Retail and travel are the top spending areas. retail, food, and drinks account for 55% of crypto transactions.Poland stands out, with a third of all stablecoin transactions happening there. This suggests a growing acceptance of digital money in daily life.
Poland, Lithuania, and Estonia are leading the way. Poland, especially, shows strong adoption. It accounts for a third of all stablecoin transactions. The country’s regulatory support for digital currencies plays a role in this growth.
Stablecoins are favored becuase their value stays steady. This makes them ideal for buying things.Poland leads in stablecoin use, with USDC being the most popular.The country’s supportive laws help this trend. In the Baltics, Lithuania is seeing more Euro-backed EURR transactions. The number of these transactions doubled in the last month. Lithuania has over 580 licensed crypto firms. It’s a sign of crypto’s practical use beyond just investing. The EU’s new rules on digital assets are boosting adoption. Lithuania’s crypto-friendly laws attract businesses and users. The report also notes that Poland uses USDC the most. This aligns with the EU’s markets in Crypto-Assets framework.It brings clarity to the market.
Stablecoins are favored for their stable value. They are less risky for everyday spending. The EU’s clear rules on digital assets are a key factor. the region’s crypto-friendly laws encourage more people to try stablecoins.
Stablecoins are used for retail and travel. The EU’s clear rules on stablecoins help. The shift shows crypto’s move from just trading to real-world spending.
