By the end of 2022, 3.6M US citizens will use crypto assets to make purchases, a report by Insider Intelligence shows.
The firm also predicts that the number of American adult crypto owners will rise to 33.7 million in 2022.
The number of Americans using crypto as a means of payment will increase to 3.6 million by year’s end. This is the prediction made by the research firm Insider Intelligence.
Alleviated volatility is one of the main reasons behind the 70 percent hike, the company’s principal analyst David Morris notes. He adds that the reduction in volatility can mainly be attributed to stablecoins. The use of central bank digital currencies (CBDCs) is another motivator to use crypto to make purchases.
We also expect that more crypto options will be layered into how people pay, like cards and digital wallets. These factors should spur high crypto payment growth rates over the next few years.
Crypto payments expected to rise in the US
Several crypto payment infrastructures h
