Cryptocurrency payments are gaining popularity in many user cohorts for daily transactions and even high-value payments, which sign that digital properties are emerging beyond speculative tools.
Gen Z users stand in terms of daily transactions, with 36% spending their digital assets at costs associated with playing and 35% on daily purchases and travel bookings.
However, Gen X is leading the spending of high cost, with 40% of users in this group preferring to use crypto for travel, digital products, and real estate, according to a Bitget Wallet survey of 4,599 crypto wallet users, shared with cointelegraph.
The findings show the growing interest in the practical use of crypto. Playing, day -to -day purchases, and travel bookings are the leading category for spending.
Millennials are more likely to use crypto for different purchases, including travel, subscriptions, and digital goods, which reflect their familiarity with digital property.
Growing crypto integration with merchants around the world enables the cryptocurrency adoption for day -to -day transactions with a better user experience, according to Jamie Elkaleh, Chief Bitget Wallet Marketing Officer.
“QR codes for small traders and card integration for larger retailers help crypto payments seamlessly align with familiar consumer shopping habits, while allowing merchants to miss the complexity of the exchanges,” he told the cointelegraph.
Related: Binance Pay brings crypto payments to 80+ French Riviera traders
Comfort, Political Establishment in Politics and Luxury: Regional Crypto Payment Drivers
When regional is damaged, the report features how local infrastructure and behavior shape crypto spending preferences.
Southeast Asia is at the forefront of playing and transforming, with 41% of users reporting interest in using crypto for these categories. In East Asia, the role of crypto in sunny purchases and digital goods is most popular, up to 41% -the highest rate in the world.
Africa stands for crypto use in education payments, with 38% of users using digital assets to facilitate cross-border transactions in an underbanked environment. Latin America follows 38% using crypto for digital products and 35% for online shopping.
Middle East users show strong demand for luxury-related purchases, with 31% of respondents expressing interest in crypto use for high-end goods and 29% for cars.
The report will come one week after the Emirates, the largest plane in the Middle East, Signed a Understanding Memorandum (MOU) with crypto.com to include crypto.com pay on its payment infrastructure.
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