70% of EU Crypto Payments Fuel Retail and Dining, Oobit Report Reveals
- 70% of EU crypto payments target retail and dining with an average of $8.36 per transaction, while 26% go to tourism and ~1.5% each to government services, healthcare, and entertainment.
- USDT dominates 92% of transactions, while crypto adoption in Europe has surged 44% YoY.
According to the cryptocurrency payments platform Oobit, 70% of crypto payments in the European Union are used for retail, food and beverage purchases, with all transactions denominated in US dollars.
As per the company’s report, on average, payments made using the Oobit app are US$8.36 (AU$13), while users deposit around US$85 (AU$133).
Besides retail and food-related expenses, 26% of payments go toward tourism activities such…
