Despite growth, crypto payment adoption remains low

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In 2023, 5.5 million US adults will use cryptocurrency to make payments, a jump of more than 350% in three years. That said, this figure represents a meager 2.3% of US internet users, showing that crypto payments are far from mainstream.

Beyond the chart: Other payment innovations have caught on more widely in the US. Proximity mobile payments, for example, will boast 105.9 million users ages 14 and older next year, the equivalent of 40.7% of internet users. Meanwhile, peer-to-peer mobile payments will have 159.3 million users—or 61.3% of internet users—in that age range.

More like this:

• Report: US Crypto Payments
• Article: Senate crypto bill defines and delegates digital asset rules—sort of
• Article: PayPal launches internal and external crypto transfers eyeing long-term crypto growth