Crypto payments online grew by 63% in 2022

FlavienJanuary 4, 2023

Less than a minute

Someone trying to insert a Bitcoin in a card terminal, to represent paying in crypto

Coingate, a crypto payment processor, reported that the number of transactions online has increased considerably in 2022. Despite the market conditions and the bearishness of investors, Coingate registered more than 920,000 payments in crypto, an increase of 63% from 2021, and almost 3 times the annual average. In 48% of cases, Bitcoin was used as a means of payment, but it is lower than previous years. This means that altcoins and stablecoins have taken a share of the transactions, USDT being the second most popular crypto being used.

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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.