Crypto payments on e-commerce platforms are booming despite market conditions, with Cardano (ADA) and Binance Coin (BNB) entering the top 10 most spend crypto. According to a report from payment processor Coingate, people spent a lot of their crypto in 2022.
The report gathered data from 2014 and determined that e-commerce shops have received 2.5 million crypto payments during this period. On average, these online shops see around 312,500 crypto payments per year.
In that sense, 2022 set a new record by recording over three times this figure, as seen in the chart below. Online merchants saw 927,294 payments with Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Cardano (ADA), and Binance Coin (BNB) during this period.
