70% of EU crypto payments are spent on retail, food, and beverages, highlighting digital currencies’ role in everyday purchases.
Romania, Poland, and Hungary lead crypto adoption, driven by favorable regulations, with Lithuania showing high-value crypto engagement.
A recent report by Oobit has revealed a trend in the European Union’s crypto spending habits, with a majority of transactions focused on day-to-day purchases. According to the data, 70% of crypto payments in the EU are allocated to retail, food, and beverage categories.
The Oobit study analyzed data from six months of usage and provided insight into consumer behavior across various European countries. Retail purchases, including food and drinks, are the most common spending habits of crypto users, accounting for 70% of total transactions. Additionally, the report identified Romania, Poland, and Hungary as the top three countries in crypto payment adoption.
The report further stated that USDT, a stablecoin, continues to be the preferred currency for crypto payments. It accounted for 92% of transactions made through the Oobit platform, reflecting a trend toward stable digital currencies for everyday expenses.
One of the report’s findings was the relatively small average transaction size. At $8.36, users are engaging in low-cost crypto purchases. However, when it comes to deposits, the average amount is much higher, with users topping up their accounts with around $85 on average. This suggests that while users prefer making smaller, frequent payments, they tend to deposit larger sums for multiple transactions over time.
The second-largest category of crypto payments was for services such as accommodation, travel, and aviation, which comprised 26% of expenses. Government services and digital payments accounted for only a small portion, totaling 1.5%. Other sectors, including healthcare and entertainment, displayed 1.5% of crypto transactions.
Country-Specific Trends and Regulatory Influence
The report highlighted the impact of regulatory environments on crypto adoption. In particular, Romania, Poland, and Hungary have seen rising crypto usage driven by favorable government policies.
Romania, for example, introduced a tax break for crypto investments, offering an exemption from taxes on income derived from digital assets until 2025. This regulatory shift has contributed to Romania’s high crypto payment activity, even though the average payment size is among the lowest at $7.1.
Poland and Hungary have also implemented clear regulatory frameworks that have enabled the growth of crypto usage. Poland’s legal recognition of crypto exchanges has been a key driver of adoption, while Hungary’s ongoing efforts to regulate digital assets have created a favorable market for crypto payments.
Lithuania: High-Value Crypto Engagement
Among the countries studied, Lithuania stood out due to its higher deposit amounts, averaging $169 per user. Despite having transaction sizes similar to o70% of EU crypto payments are spent on retail, food, and beverages, highlighting digital currencies’ role in everyday purchases.
Romania, Poland, and Hungary lead crypto adoption, driven by favorable regulations, with Lithuania showing high-value crypto engagement.
A recent report by Oobit has revealed a trend in the European Union’s crypto spending habits, with a majority of transactions focused on day-to-day purchases. According to the data, 70% of crypto payments in the EU are allocated to retail, food, and beverage categories.
The Oobit study analyzed data from six months of usage and provided insight into consumer behavior across various European countries. Retail purchases, including food and drinks, are the most common spending habits of crypto users, accounting for 70% of total transactions. Additionally, the report identified Romania, Poland, and Hungary as the top three countries in crypto payment adoption.
The report further stated that USDT, a stablecoin, continues to be the preferred currency for crypto payments. It accounted for 92% of transactions made through the Oobit platform, reflecting a trend toward stable digital currencies for everyday expenses.
One of the report’s findings was the relatively small average transaction size. At $8.36, users are engaging in low-cost crypto purchases. However, when it comes to deposits, the average amount is much higher, with users topping up their accounts with around $85 on average. This suggests that while users prefer making smaller, frequent payments, they tend to deposit larger sums for multiple transactions over time.
The second-largest category of crypto payments was for services such as accommodation, travel, and aviation, which comprised 26% of expenses. Government services and digital payments accounted for only a small portion, totaling 1.5%. Other sectors, including healthcare and entertainment, displayed 1.5% of crypto transactions.
Country-Specific Trends and Regulatory Influence
The report highlighted the impact of regulatory environments on crypto adoption. In particular, Romania, Poland, and Hungary have seen rising crypto usage driven by favorable government policies.
Romania, for example, introduced a tax break for crypto investments, offering an exemption from taxes on income derived from digital assets until 2025. This regulatory shift has contributed to Romania’s high crypto payment activity, even though the average payment size is among the lowest at $7.1.
Poland and Hungary have also implemented clear regulatory frameworks that have enabled the growth of crypto usage. Poland’s legal recognition of crypto exchanges has been a key driver of adoption, while Hungary’s ongoing efforts to regulate digital assets have created a favorable market for crypto payments.
Lithuania: High-Value Crypto Engagement
Among the countries studied, Lithuania stood out due to its higher deposit amounts, averaging $169 per user. Despite having transaction sizes similar to o
