Cryptocurrency payments remain a relatively limited part of everyday consumer spending, with a majority of U.S. consumers reporting that they have never used cryptocurrency to make a purchase. At the same time, digital money is evolving beyond the traditional concept of cryptocurrency as stablecoins and other blockchain-based payment technologies gain traction for practical financial applications.
Research from Javelin Strategy & Research suggests the next stage of digital money adoption may be defined less by consumers consciously choosing to “pay with crypto” and more by blockchain infrastructure operating behind the scenes. As these technologies become embedded within existing payment systems, consumers and businesses could benefit from digital assets without needing to understand—or even interact directly with—the underlying technology.
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Data for today’s episode is provided by Javelin Strategy & Research’s Report: Digital Money Comes to Payments, but the Crypto Has Disappeared
Percentage of U.S. Consumers Using Cryptocurrency to Make Any Type of Purchase
- Past 7 days – 13% of consumers have used cryptocurrency to make a purchase.
- Past 30 days – 13% of consumers have used cryptocurrency to make a purchase.
- Past 90 days – 8% of consumers have used cryptocurrency to make a purchase.
- Past 12 months – 3% of consumers have used cryptocurrency to make a purchase.
- More than 12 months ago – 3% of consumers have used cryptocurrency to make a purchase.
- Never – 59% of consumers have never used cryptocurrency to make a purchase.
Source: Javelin Strategy & Research, North American PaymentsInsights
About Report
Digital money is already part of the U.S. payments landscape, but it looks very different from what early cryptocurrency advocates imagined. The focus is shifting away from the term “cryptocurrency” itself and toward practical value transfer through digital assets, especially stablecoins. Adoption is accelerating on the commercial side, and over the next three to five years, blockchain-based tools are likely to be embedded across organizations of all sizes. For most employees and customers, that technology will operate quietly in the background. Digital money won’t feel new or novel. It will simply work.
This report from Javelin Strategy & Research examines how definitions of digital money are evolving, how payment infrastructure is being built to stay largely out of sight, and what that means for organizations evaluating real-world use cases for digital assets.
