What percentage are Crypto payments?

[netpreference]

I know it probably differs geographically but curious as to what percentage of payments are being made in Crypto these days?

Anyone processing Crypto like to share?

[kuprum]

there are also these options....




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[netpreference]

So no one is processing Crypto on their sites?

[celandina]

WE don't, it is not worth while

[NoWhErE]

Unless you specifically target crypto users, it’ll be less than 1% using crypto for payments

[Liamhenry]

I Was Started 1000$ in 2020

[SantaClause]

The percentage of crypto payments can vary widely depending on the context, such as geographical location, the type of merchant, and the overall adoption of cryptocurrency in the economy. As of my last knowledge update in October 2023, the adoption of cryptocurrency for payments had been growing, but it still represented a relatively small percentage of overall payment transactions globally.

In some sectors, like online gaming or tech-focused niches, the percentage of crypto payments might be higher, sometimes reaching double digits. However, for traditional retail or service sectors, it may be substantially lower, often less than 1-2%.

If you're looking for specific statistics or the latest trends, I would recommend checking recent reports from financial institutions, blockchain analytics firms, or payment industry researchers, as these organizations often publish up-to-date data on cryptocurrency usage in payments.

[JasonCollins]

In a previous project I worked on, the impact was relatively small in the context of the overall business. However, we approached it with the mindset of offering our users more than just traditional Visa/MasterCard payment methods. We recognized the importance of supporting local payment options, such as iDeal (Netherlands), as well as emerging methods like Bitcoin (BTC) and Ethereum (ETH), to cater to diverse preferences.

The real question is: if not offering these options leads to the loss of a client, is it worth it to exclude them? Or is the effort and investment required to integrate such solutions not justified by the potential return?