Cryptocurrency has been talked about as the future of money for more than a decade. But talk and everyday behavior are not the same thing. While headlines often focus on price swings and speculation, a quieter question matters more for payments: are consumers actually using crypto to pay for things?
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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.