Absolutely! Every day more people are spending their crypto, driven by healthy returns on crypto investments over the past year and a growing ecosystem of places to spend crypto. More businesses today than ever before accept crypto payments for things like travel, retail, food, rent, even utility bills.
We’re seeing this spending increase across the Crypto.com platform as well; spending on our Visa card, the most widely available card of its kind in the world, grew 55% per user in 2020. We also saw a 117% increase in online spending relative to overall spending growth, notably for the categories of housing, household goods, groceries, and cross-border transactions.