CoinZoom data highlights the transition of cryptocurrency from investment to everyday purchases, such as coffee and groceries.
From Trading to Everyday Spending
According to CoinZoom data, over half of their Visa debit card transactions are completed directly from users' crypto wallets. This marks a shift in consumer behavior, with cryptocurrency emerging as a true medium of exchange rather than just a speculative asset.
Popular Cryptocurrencies Among CoinZoom Users
Top-spending cryptocurrencies for CoinZoom users include USDT, BTC, XRP, and Litecoin, reflecting the broad and flexible currency choices for transaction. Popular cryptocurrencies include: BTC, ETH, USDT, XLM, LTC, PEPE, DOGE, HNT, XRP, USDC, SOL, HBAR, SHIB, UNI, AVAX, AAVE, TRX, TUSD, MATIC, LINK, ADA, TRUMP, XTZ, EOS.
CoinZoom's Perspective
Todd Crosland, CEO and Co-Founder of CoinZoom, commented that these data challenge the notion that crypto has no role as a 'means of exchange'. According to him, CoinZoom's customers demonstrate this month after month by utilizing both cash and crypto options. 'This is a win for the future of payments - customers are receiving over $300 a month in free crypto rewards.'
The use of cryptocurrency for everyday purchases highlights its potential as a medium of exchange. CoinZoom customers actively leverage the platform's capabilities and benefit from new financial tools.
