{"id":1507199,"date":"2022-07-27T09:08:31","date_gmt":"2022-07-27T13:08:31","guid":{"rendered":"https:\/\/www.practicalecommerce.com\/?p=1507199"},"modified":"2023-07-26T16:36:10","modified_gmt":"2023-07-26T20:36:10","slug":"charts-cryptocurrency-trends-in-ecommerce","status":"publish","type":"post","link":"https:\/\/www.practicalecommerce.com\/charts-cryptocurrency-trends-in-ecommerce","title":{"rendered":"Charts: Cryptocurrency Trends in Ecommerce"},"content":{"rendered":"<p>U.S.-based Software Advice offers recommendations and research on business apps in roughly 300 market categories, including medical, customer management, human resources, construction, and marketing automation.<\/p>\n<p>Software Advice&#8217;s latest <a href=\"https:\/\/www.softwareadvice.com\/resources\/crypto-payments\/\">survey<\/a>, &#8220;Cryptocurrency in Ecommerce,&#8221; was conducted in May 2022 among 596 U.S. consumers who have used crypto as a <a href=\"https:\/\/www.practicalecommerce.com\/charts-growth-of-global-payments-cryptocurrencies\">form of payment<\/a> when shopping online.<\/p>\n<p>According to Pew Research, just 16% of U.S. consumers have used crypto as of November 2021. The Software Advice survey focused on those users.<\/p>\n<p>All respondents had used cryptocurrency to make online purchases at least monthly from June 2021 through May 2022. Among respondents who plan to increase their online retail spending using crypto, 62% were between 18 and 35.<\/p>\n<div id=\"everviz-gjyqj4BwI\" class=\"everviz-gjyqj4BwI\"><script src=\"https:\/\/app.everviz.com\/inject\/gjyqj4BwI\/\" defer=\"defer\"><\/script><\/div>\n<p>&#8212;<\/p>\n<p>According to the survey, 56% of retail crypto transactions from June 2021 through May 2022 were between $100 to $500.<\/p>\n<div id=\"everviz-Rnf0SJoII\" class=\"everviz-Rnf0SJoII\"><script src=\"https:\/\/app.everviz.com\/inject\/Rnf0SJoII\/\" defer=\"defer\"><\/script><\/div>\n<p>&#8212;<\/p>\n<p>Most of the respondents used cryptocurrency for shopping, not investing.<\/p>\n<div id=\"everviz-QDbXRkhfg\" class=\"everviz-QDbXRkhfg\"><script src=\"https:\/\/app.everviz.com\/inject\/QDbXRkhfg\/\" defer=\"defer\"><\/script><\/div>\n<p>&#8212;<\/p>\n<p>Despite the enthusiasm of users, most U.S. consumers <a href=\"https:\/\/www.practicalecommerce.com\/the-sec-reins-in-spacs-cryptocurrencies-more\">remain skeptical<\/a>. According to Bloomberg&#8217;s &#8220;MLIV Pulse&#8221; <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-10\/bitcoin-faces-another-50-drop-wall-street-says-mliv-pulse\">survey<\/a> on July 5 &#8211; 8, 2022, retail investors are more skeptical of cryptocurrencies than institutional buyers.<\/p>\n<div id=\"everviz-But7XJNbd\" class=\"everviz-But7XJNbd\"><script src=\"https:\/\/app.everviz.com\/inject\/But7XJNbd\/\" defer=\"defer\"><\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Less than 20% of U.S. consumers have used cryptocurrencies for retail purchases. Most of those shoppers are younger and plan on increasing the use. We tell the story in this week&#8217;s charts.<\/p>\n","protected":false},"author":2426,"featured_media":1507212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_wp_rev_ctl_limit":""},"categories":[58311],"tags":[58315],"class_list":["post-1507199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-payments","tag-charts",""],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.2 (Yoast SEO v25.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Charts: Cryptocurrency Trends in Ecommerce - Practical Ecommerce<\/title>\n<meta name=\"description\" content=\"Less than 20% of U.S. consumers have used cryptocurrencies for retail purchases. Most of those shoppers are younger and plan on increasing the use. 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