Cryptocurrency adoption among businesses - statistics & facts
Can virtual coins like Bitcoin (BTC) or Ethereum (ETH) be used as a day-to-day payment method? Cryptocurrency payments online reached the news in early 2021, when Beeple's First 5000 Days digital artwork was sold for over 42,300 ETH or 69 million U.S. dollars. Even when compared to other projects sold using cryptocurrencies, Mike Winkelmann’s art piece was significantly more expensive. This technology can be used as a certificate of authenticity in art pieces but was also used when Twitter founder Jack Dorsey sold his first tweet. NFT sales often occurred in specific segments, but are not used in e-commerce. This leads to an important question: Can cryptocurrencies also be used by consumers? Can someone, for instance, walk into a store with them to buy a coffee? This is more difficult to establish, as can be observed in payment figures for the United States – where digital coins are barely mentioned.
