The transformation of cryptocurrency from a reserve asset to a means of everyday transactions is happening more powerfully than ever. According to a recent survey by PayPal, the US market is witnessing a revolution in payment methods, where the boundaries between traditional finance and digital are gradually blurring.
The rapid advancement of American businesses
The story is that 40% of stores in the US accept payments in cryptocurrency, which is a strong proof of the widespread acceptance of the market. No longer small-scale experiments, top global brands like Starbucks, Walmart, and Home Depot have officially integrated Crypto into their payment systems.
Interestingly, the pressure for innovation comes not only from the proactive stance of businesses but also from consumers. Nearly 90% of sellers surveyed reported that they frequently receive requests for payment in Crypto from customers. This forces businesses, from large corporations to small and medium enterprises, to quickly update their infrastructure to avoid being left behind.
Leading industries in application trends
Currently, cryptocurrency is demonstrating its superior advantages in fields that require flexibility and high speed. Leading industries include:
Travel and Hotels: Booking flights and hotel rooms across borders has become easier thanks to the elimination of banking intermediaries.
Digital goods and Gaming: This is the "home ground" of Crypto, where users are already familiar with the concepts of digital assets.
Traditional retail: The involvement of major supermarket chains is helping to bring Crypto closer to ordinary people.
Millennials and Gen Z: The primary driving force
That's how it is, data shows that the younger customer group is the one that uses Crypto the most. At stores that have implemented it, payments in cryptocurrency account for up to 26% of total revenue. This indicates that when given the choice, young users are willing to use digital assets instead of cash or traditional credit cards.
For investors with 1-3 years of experience, this trend opens up many opportunities but also requires vigilance. The integration of Crypto into real life will help reduce the risks from pure speculative activities and create real utility value for various coins.
In summary, the rise of Crypto payments in the U.S. is not just a passing trend but a structural shift in finance. Let’s observe whether this wave will soon spread strongly to other regions, including Southeast Asia, in the near future.