Cryptocurrency Payment Apps Statistics 2024 - Everything You Need to Know

Are you looking to add Cryptocurrency Payment Apps to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Cryptocurrency Payment Apps statistics of 2024.

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Best Cryptocurrency Payment Apps Statistics

Best Cryptocurrency Payment Apps Statistics

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Cryptocurrency Payment Apps Usage Statistics

According to cryptocurrency usage statistics, this happened on May 22, 2010, between two Bitcoin forum members. ^[0]
Here is the usage breakdown Almost 40% of users hold on to the coins for dear life instead of selling 11% utilize it for making payments for goods and services. ^[0]
According to cryptocurrency statistics by usage, Peru dominated the market by 16% in 2020 the highest in South America. ^[0]
Although this share is only three percentage points higher than 2020’s, attitudinal data seem to support the value proposition put forth by BNPL providers and given the product’s increased availability we believe usage may be growing faster than penetration. ^[1]

Cryptocurrency Payment Apps Market Statistics

As per the recent studies by e marketer, last year in the U.S, mobile payments in stores grew by 29%. ^[2]
According to the source emarketer,1.31 billionpeople are assumed to use a mobile payment system for their cashless transactions. ^[2]
By2024, the globally forecasted mobile payment market size is predicted to be3 trillion. ^[2]
The financial sector currently accounts for more than 60% of blockchain’s worldwide market value. ^[3]
The technology has spread to other sectors as well manufacturing (17.6% of the market share), distribution and services (14.6%), public sector (4.2%), and infrastructure (3.1%). ^[3]
at 1 , available at (study showed only 4.8% of people who experienced mass market consumer fraud complained to a Better Business Bureau or a government entity). ^[4]
The increase of mobile payments is not likely to slow down soon, as the market is expected to reach $6.7 trillion by 2024. ^[5]
Between 2012 and 2020, Bitcoin has gained 193,639.36% The market size for cryptocurrency will get to $1087.7 million by 2026. ^[0]
Genesis Coin is the largest manufacturer of the devices with 34.6%, while the second biggest is General Bytes, with 30% of the market share. ^[0]
Etherium, Bitcoin, Tether, XRP, and Litecoin are the cremedela creme and take at least 83% of the market. ^[0]
According to cryptocurrency statistics by usage, Peru dominated the market by 16% in 2020 the highest in South America. ^[0]
The global blockchain market is predicted to rise to $23.3 billion by 2024. ^[0]
According to cryptocurrency volume statistics, Bitcoin market capitalization was at $1,072. ^[0]
Listed below are the top 10 cryptocurrencies according to their respective market cap. ^[0]
A 2018 study by computer security firm Hyperion Gray catalogued about 10percent of these sites and found that the most prevalent functionsfacilitate communication via forums, chat rooms, and file and image hosts,as well as commerce via marketplaces. ^[6]
Of the close to 200 domains catalogued as illegal by Terbium Labs, morethan 75 percent appear to be marketplaces. ^[6]
Global DeFi global volume per 24 hours is $9.24 billion, or 8.52% of the total daily crypto market volume. ^[7]
Global market size of digital payments surpassed 700 billion transactionsIn 2020, the total number of digital payments crossed 700 billion, representing 14% growth over the previous year. ^[7]
Global market size of Bitcoin transactions surpassed 120 millionIn 2020, the total number of Bitcoin payments surpassed 120 million, representing a small but growing percentage of total digital payments. ^[7]
Bitcoin consumes roughly the same energy as all global data centersBased on the current market price for Bitcoin, it is estimated the entire Bitcoin network could consume 185 TWh per year at its full peak. ^[7]
Based on the current market price for Bitcoin, it is estimated the entire Bitcoin network could consume 185 TWh per year at its full peak. ^[7]

Cryptocurrency Payment Apps Software Statistics

22% of consumers have detected malicious software on a computer, Wi Fi network,smartphone, tablet, smart home, or other connected devices. ^[8]

Cryptocurrency Payment Apps Adoption Statistics

According to projections of blockchain trends, the early adoption phase will end in 2024. ^[3]
Turkey is the country with the highest rate of cryptocurrency adoption (20%). ^[0]

Cryptocurrency Payment Apps Latest Statistics

This was the first step towards monetization, as businesses were charged 1.5 percent per transaction, while users can send money to friends for free. ^[9]
It has since become the leading source of revenue for Cash App, accounting for 76 percent of its revenue in 2020. ^[9]
Cash App generated $12.3 billion revenue in 2021, 81% of that came from Bitcoin. ^[9]
76 percent of Cash App revenue comes from Bitcoin. ^[9]
The explosion of cryptocurrency trading in the first half of 2021 led to +100% growth on all exchanges listed. ^[10]
FTX and Kraken both saw over 350% increases in peak trading volume in Q1 2021. ^[10]
By2020, In store mobile payment will grow to$503 billion, with a compound annual growth rate of80%between2015to2020. ^[2]
150 million,which is approximately56%of the consumer population of the US are using mobile payments for in store payments by the end of2020. ^[2]
Between2020–2025, mobile payments use will continue to its unstoppable rise with26.93%of CAGR. ^[2]
70%of the millennial recognize discounts & reward offers as motivational factors for mobile payments. ^[2]
And, as per the reports of global payments in 2021, a total of 25.7% of POS payments was done using mobile wallets. ^[2]
Within three years, this figure is expected to rise to 33.4%. ^[2]
According to the sources, It is also disclosed that 44.5% of all eCommerce transactions were done via mobile payments in the last year, which is double of payments done via debit cards and thrice of debit card payments. ^[2]
The cash transactions have also experienced a dip from 20.5% to 12.7% in the year range of 2020. ^[2]
5%of online transactions were made using mobile wallet payments. ^[2]
66%of individuals confirm that mobile wallets payments regularly because it is more convenient than other modes. ^[2]
Various studies report that44%of men spend more money using mobile wallets than women at26%only. ^[2]
As much as11%of QR code payment transactions have increased in the United States since the pandemic started. ^[2]
Themost popular appsfor cryptocurrency is Bitcoin, with a dominance of59.5%. ^[2]
Gift cards & prepaid cards most accept the cryptocurrency around44%. ^[2]
As per studies, it is also found that29%of crypto payments were using bitpay, the most significant amount of payment service providers. ^[2]
Over 10 billion apple pay transactions were done in 2019, and this platform is also holding 92% of all debit/credit and wallet transactions in 2020. ^[2]
36% of consumers own a device that supports Apple pay in 2020, whereas 81.2& consumers have devices supporting Walmart pay. ^[2]
5480 banks in 2020 support Apple pay which is 29% high than previous years. ^[2]
The primary reason behind40%of US consumers do not use mobile payment is security concerns. ^[2]
as70%of US consumers refer to it as a major concern. ^[2]
About 90% of U.S. and European banks had started exploring blockchain’s potential by 2018. ^[3]
74% of tech savvy executive teams say they believe there’s a huge business potential in blockchain technology. ^[3]
24% of companies expect to invest between $5 million and $10 million in blockchain during 2021. ^[3]
According to a survey of eight banks by Accenture Consulting, the potential savings on a cost base of $30 billion are more than $8 billion. ^[3]
That’s a compound annual growth rate of 37.4%. ^[3]
An even higher number (88%). ^[3]
Another 24% of the 1,000 surveyed companies reported that they plan to invest from $500,000 to less than $1 million, while 12% plan to spend $10 million or more. ^[3]
Life sciences industries take second place, with 23% of companies already using blockchain. ^[3]
More than 80% of cryptocurrency investors are novices; only 7.38% say they had previous experience in investing. ^[3]
According to one report, blockchain and crypto startups raised $3.9 billion through venture capital investments before the beginning of Q4 2018. ^[3]
Blockchain spending in the United States increased by 110% during 2018. ^[3]
The attack occurred in 2014 when Mt. Gox was handling about 70% of the world’s Bitcoin exchanges. ^[3]
Bitcoin miners generate annual emissions of carbon dioxide of between 22 and 22.9 megatons, according to a Technical University of Munich study published in the journal Joule. ^[3]
According to Bitcoin.com blockchain predictions, the last BTC will be mined in the year 2140. ^[3]
The Asia Pacific region has the largest percentage of Litecoin mining pools (52%). ^[3]
7% of BTC mining pools are located in the United States. ^[3]
When it comes to mining statistics for other cryptocurrencies, 21% of Ethereum, 37% of ZCash, 34% of Monero, and 28% of LTC mining pools are located in North America. ^[3]
Most Ethereum mining pools are located in Europe (49%). ^[3]
The country’s business environment is extremely favorable for crypto companies, featuring taxfree undistributed profits and 100% online cross. ^[3]
91.5% of all investments in cryptocurrencies are made by men. ^[3]
61% don’t consider themselves to be religious. ^[3]
Almost 30% have a yearly household income between $50,000 and $100,000 per year, 56% are either married or in a relationship, 43% have fulltime employment, and 37% consider themselves libertarian or anarchy. ^[3]
That’s more than six times the reported losses in 2017 and a nearly 80% increase compared to 2020. ^[4]
Of these, the top platforms identified as the starting point for the scam were Facebook (23%) and Instagram (13%). ^[4]
About 28% of people who reported losing money on a romance scam in 2021 said they paid with a gift card or reload card, followed by cryptocurrency (18%), payment app or service (14%), bank transfer or payment (13%), and wire transfer (12%). ^[4]
About 70% of 2021 romance scam reports included age information. ^[4]
Increased technology has brought mobile payment methods to the forefront of many businesses and consumers, as evidenced by a 50% drop in cash use in the United States from 2010 to 2020. ^[5]
Sweden and the Netherlands have both also seen a drastic dip in cash use, with less than 20% of transactions involving traditional paper money. ^[5]
* 21.5% of transactions in 2020 were made via mobile wallet payment. ^[5]
66% of individuals who use mobile wallets say they do so because of its convenience. ^[5]
The same study also found that 44% of men who have used a digital wallet are more likely to spend greater amounts of money when doing so, compared to women at only 26%. ^[5]
66.5% of consumers prefer to use QR codes to make payments if cash was not an option. ^[5]
QR code payments have an estimated $2.7 trillion transaction value worldwide by 2025. ^[5]
QR codes have increased as much as 11% in the United States since the start of the pandemic. ^[5]
With over 10 billion Apple Pay transactions in 2019* and the same platform holding 92% of all mobile wallet debit transactions in 2020,* it’s safe to say Apple has been one of the top trendsetters in the mobile payment industry for years. ^[5]
36% of consumers had a device able to support Apple Pay in 2020, while 81.2% of consumer phones were capable of supporting Walmart Pay. ^[5]
5,480 banks support Apple Pay in 2020, a 29% increase from the previous year. ^[5]
The same survey also found that 51% of Apple iPhone users activated Apple Pay in 2020. ^[5]
65% of all national retailers supported Apple Pay in 2019. ^[5]
Bitcoin is the most popular cryptocurrency with a dominance of 59.5%. ^[5]
Prepaid cards and gift cards are the most accepting of cryptocurrency at 44%. ^[5]
The same study also found that 29% of crypto payments were done using BitPay, the largest amount of any payment service provider. ^[5]
Mobile wallet payments made up 44.28% of ecommerce transactions worldwide. ^[5]
An estimated $1.65 trillion worth of transactions occurred in China in 2016 through the use of QR codes. ^[5]
China is the world leader in mobile payments, with 81% of the population having made a proximity mobile payment in the last six months. ^[5]
This same study also found that 25.7% of all pointof sale transactions were paid via mobile wallet. ^[5]
This number is expected to increase to 33% in three years. ^[5]
Only about 24% of consumers prefer to use mobile payments specifically for the security they provide. ^[5]
* While many mobile payment companies are working to make digital payments more secure and protected, 38% of consumers feel that mobile payment security is only subpar. ^[5]
Mobile payment fraud accounts for 27% of online sales. ^[5]
* 70% of the U.S. population said that fear of identity theft or loss of funds is one of their concerns about making mobile payments. ^[5]
16% of Americans say they have ever invested in, traded or used cryptocurrency. ^[11]
The vast majority of U.S. adults have heard at least a little about cryptocurrencies like Bitcoin or Ether, and 16% say they personally have invested in, traded or otherwise used one, according to a new Pew Research Center survey. ^[11]
Men ages 18 to 29 are particularly likely to say they have used cryptocurrencies. ^[11]
Overall, 86% of Americans say they have heard at least a little about cryptocurrencies, including 24% who say they have heard a lot about them, according to the survey of U.S. adults, conducted Sept. 13. ^[11]
Some 13% say they have heard nothing at all. ^[11]
At the time, 48% of adults said they had heard of Bitcoin , and just 1% said they had ever collected, traded or used it. ^[11]
Roughly threein ten Americans ages 18 to 29 (31%). ^[11]
Men are about twice as likely as women to say they ever used a cryptocurrency (22% vs. 10%). ^[11]
About fourin ten men ages 18 to 29 (43%). ^[11]
For example, adults under 50 (31%) and men (35%) are more likely than older Americans (16%) and women (15%). ^[11]
For example, 43% of Asian Americans say they have heard a lot about cryptocurrency, compared with 29% of Hispanic adults and about a quarter of Black or White adults. ^[11]
Americans with higher incomes (31%) are more likely than those with middle (25%) and lower incomes (21%). ^[11]
The user index for 2021 shows a 97% confidence in cryptocurrencies. ^[0]
Bitcoin’s price has grown by 66% in February 2021. ^[0]
By February, it went up by about $20 000, according to cryptocurrency stats. ^[0]
That makes a 400% increase in value by Q1 of 2021!. ^[0]
He argued that the USD dollar didn’t 100% back the coin, therefore it might not be as stable as it claims. ^[0]
Tether did not deny the claims and revealed that the dollar’s endorsement was 74%. ^[0]
According to cryptocurrency statistics for 2021, Tether and Bitcoin took the first and second position, respectively. ^[0]
According to cryptocurrency security statistics, that number had increased by around 16 million by March the same year. ^[0]
According to cryptocurrency facts, they were 300+ in 2020. ^[0]
In a 2021 survey of over 60,000 users worldwide, 97% of them confessed their faith in digital assets. ^[0]
According to crypto stats, as of February 25th, the cost of Ether rose by $18.99 on a single day. ^[0]
According to crypto stats, miners have managed to unearth over 18 million coins as of 2021. ^[0]
According to cryptocurrency facts, Libra , Facebook’s virtual money, will launch a single coin in 2021. ^[0]
Due to various regulatory hurdles, the US dollar will support it by 50%. ^[0]
That is an over 90% increase for 2013’s 66. ^[0]
According to cryptocurrency users statistics for 2021, it has almost 70% ownership. ^[0]
Even better, digital cash traders allocate up to 20% of their portfolio to Bitcoin. ^[0]
22% use it to lend or stake. ^[0]
According to cryptocurrency statistics, Bitpay offered Bitcoin payments worth $72 million, while Blockfi issued loans with crypto as a security. ^[0]
According to blockchain statistics, their financing will reach 350 million Euros or $425 million by 2024 to 2024. ^[0]
According to cryptocurrency exchange statistics, its net profit that same year was $322 million. ^[0]
According to cryptocurrency statistics, the launch happened in Shenzhen and came with over $3 million in electronic money. ^[0]
The number of participants was 50% more than those in the first trial, which had just about 5000. ^[0]
The Central Bank of China plans to support this move 100% with the primary aim of dominating the US dollar. ^[0]
According to blockchain statistics, 14% of the projects were either awaiting production or already in the process. ^[0]
The rest are already in piloting, and experts predict that 30% will be ready for customers in 2021. ^[0]
The US has the highest number of token sales ever (48%). ^[0]
Statistics on cryptocurrency volume by country reveal that 48% of all token sales came from the US in 2020. ^[0]
12.78% was from Singapore, and finally 10.5% from the UK. ^[0]
According to global cryptocurrency statistics, the West African country emerged at the top regarding utilization and possession with more than 30%. ^[0]
Vietnam was the second country in this category with 21%, while the Philippines followed closely with 20%. ^[0]
China controls 60% of the world’s hash rate. ^[0]
The country rules the global hash rate by over 50%, while the United States has 7%. ^[0]
A day earlier, Bitcoin has already lost its value by 10% which equates to $34,200. ^[0]
Ether also tanked by 15%, fluctuating between $945 and $1000. ^[0]
Cryptocurrency transaction statistics reveal that 80% of ICOs released in 2017 were fraudulent. ^[0]
Cryptocurrency transaction statistics reveal that 80% of ICOs released in 2017 were scams to either defraud people or raise funds for more important cryptocurrency projects. ^[0]
There will be a CAGR of 3.5% between the period 2021 to 2026. ^[0]
That will be a compound annual growth of almost 4% for Bitcoin, Ripple, Etherium, Dash coin, Litecoin, etc. ^[0]
Compared to 2019 data, the cryptocurrency growth will be by almost 50%. ^[0]
Experts had predicted that its value would be worth around $792.53 million. ^[0]
That translates to a BTC trading of about $34,000, which equates to $3,017, a gross margin of 46% according to cryptocurrency stats. ^[0]
According to cryptocurrency mining statistics, miners are only getting 6.25 Bitcoin/block in 2021. ^[0]
On the other hand Network Participation for the currency is at a record 95.15%. ^[0]
According to cryptocurrency users statistics, every week, the number of validators rises by 10%. ^[0]
In 2020, crypto theft was down by almost 60%. ^[0]
Now there is a noticeable reduction by about 57% compared to the previous year. ^[0]
Bitcoin Market cap $896.67 billion Market share. ^[0]
Ethereum Market cap $394.28 billion Market share. ^[0]
Binance Coin Market cap $70.09 billion Market share. ^[0]
Cardano Market cap $69.72 billion Market share of 3.30% 5. ^[0]
Tether Market cap $68.05 billion Market share. ^[0]
Solana Market cap $49.57 billion Market share. ^[0]
XRP Market cap $48.12 billion Market share. ^[0]
USD Coin Market cap $32.30 billion Market share. ^[0]
Polkadot Market cap $30.52 billion Market share. ^[0]
Dogecoin Market cap $28.27 billion Market share. ^[0]
Omnichannel use of digital payments continues to grow over time, although it experienced a dip from 2020’s all time high of 58 percent. ^[1]
In fact, online payments was the only category of digital payments to register growth, up 12 percentage points in 2021, possibly as a result of pandemic related behavior changes including more time spent at home. ^[1]
Asked about BNPL, 30 percent of our survey respondents report having financed a purchase with this type of service. ^[1]
Of the respondents who used BNPL, 29 percent report that without this financing option they would have made a smaller purchase or not purchased at all. ^[1]
Another 39 percent say they chose BNPL over use of a credit card, and the remaining 31 percent indicate BNPL was a substitute for a debit card or cash. ^[1]
Separately, “a lower cost financing option” was the most commonly cited reason for BNPL use. ^[1]
We see the highest incremental conversion rates in certain discretionary categories apparel, laptops, and beauty products, for instance where up to 20 percent of respondents say purchases would not have occurred without BNPL. ^[1]
Incremental conversion is far lower in less discretionary categories, such as tires and auto parts, home appliances, and home improvement. ^[1]
One in five respondents report holding or having held crypto assets, up from 6 percent just a year earlier. ^[1]
Among the 74 percent of respondents familiar with but not owning crypto, 41 percent say a key reason for not yet having used crytpo is their lack of functional understanding an indication of further room for growth. ^[1]
Of past and present cryptocurrency owners, 43 percent say they are motivated by its investment potential; of that group, 41 percent say they allocate at least 5 percent of their portfolio to the vehicle. ^[1]
Surprisingly, however, among the broader population Bitcoin’s 15 percent penetration does not significantly outpace that of Dogecoin and Ethereum. ^[1]
Another 11 percent indicate they consider doing so only when they do not plan to purchase anything or know they can use a digital wallet. ^[1]
Of those who say they have done so, 40 percent indicate that they frequently switch to an instrument other than their default option. ^[1]
US commercial banks saw remarkable growth in deposit balances from their corporate clients in the first 18 months of the COVID 19 pandemic, increasing 34 percent from March 2020 to late 2021. ^[1]
In October 2021, when McKinsey surveyed US commercial banking leaders on the extent and speed of an eventual runoff of excess deposits, 40 percent of respondents said they expected no decline over the coming 12 months. ^[1]
or minus 5 percent through the first quarter of 2024. ^[1]
For comparison, the long term organic rate of growth in deposits prior to the pandemic averaged about 6 percent per year. ^[1]
As mentioned earlier, a significant minority of bankers surveyed predicted no decline in surge deposits over the coming 12 months. ^[1]
Those who did see reductions coming were most likely to select manufacturing as a client industry that would see drawdowns. ^[1]
According to our commercial deposits survey in first quarter 2024, over 50 percent of respondent banks reported a commercialloanto deposit ratio of under 80 percent, which provides some room for deposit exits. ^[1]
Thereport also noted that the proportion of Bitcoin transactions tied toillicit deals has declined by 6 percent since 2012 and now accounts forless than 1 percent of all Bitcoin activity. ^[6]
Even more broadly, the UnitedNations estimates that the amount of money laundered globally in one yearis 2 to 5 percent of global GDP—between $1.6 trillion and $4 trillion. ^[6]
Notice 201421, 2014 16, I.R.B. 938Possible transactions for your cryptocurrencies includeThe receipt or transfer of crypto for free, including from anor acurrency quickly jumped over 311,000% in under a decade. ^[7]
As of the beginning of April 2024, Bitcoin’s price dropped to $46,000, equating to an all time gain of 208,900%. ^[7]
Bitcoin remains the most popular cryptocurrency, with dominance hitting over 40.9%According to cryptocurrency exchanges, the most popular cryptocurrency remains as Bitcoin. ^[7]
The Top 10 Global Crypto Exchanges Account for 79% of Global Daily Trade VolumeThe top 10 global cryptocurrency exchanges account for 79% of daily average trade volume. ^[7]
The Top 4 Global Crypto Exchanges Account for 63% of Global Daily Trade VolumeFurther demonstrating the top heavy nature of these global virtual currency exchanges, the top 4 global crypto exchanges account for 63.4% of global crypto trade volume. ^[7]
The total global volume of DeFi, or decentralized finance, is $9.24 billion, amounting to 8.52% of the global daily average of all crypto volume. ^[7]
Bitcoin blockchain is estimated to be over 320 GB in size as of February 2021Growing exponentially over the last decade as transactions get recorded, the blockchain for Bitcoin now amounts to over 320 GB in size as of February 2021. ^[7]
As the cryptocurrency becomes more popular and widely accepted, many other S&P 500 constituents will likely follow. ^[7]
The frequency of cryptocurrency theft increased between 2019 and 2020 by 160%, but is less by dollar valueBetween 2019 and 2020, the overall frequency of cryptocurrency theft increased, but the value stolen in 2019 is 160% higher than that in 2020. ^[7]
$281m of crypto was stolen in 2020, but ~80% has since been claimed and recoveredOver $281m of cryptocurrency had been stolen in 2020 through the KuCoin hack, but roughly 80% of this has since been recovered. ^[7]
Industry with highest accepted rate of BitPay payments was prepaid/gift cards at 26.3%, lowest is. ^[7]
Consumer Electronics at 1.74%Industries vary by acceptance rate of Bitcoin for payment of goods and services, but the highest rate of acceptance came from the prepaid debit card /gift card industry and lowest from Consumer Electronics. ^[7]
Approximately 16% of Americans use cryptocurrencyAccording to Pew Research, approximately 16% of Americans use cryptocurrency in some shape, form or fashion. ^[7]
brokeragesDespite the IRS including a question on page 1 of Form 1040 about crypto transactions you may have been part of during the year, many likely still fail to report any tax liability 9.27. ^[7]
Nigerians report the most common ownership and use of virtual currencies (32%). ^[7]
A reported 32% of Nigerians say they have owned or used crypto at some point in 2020.The U.S. respondents showed approximately 6% of Americans can make the same claim. ^[7]
85.77% of Bitcoin community engagement comes from Males as opposed to 14.23% from females. ^[7]
Bitcoin investors appear to be disproportionately male, with 85.77% of Bitcoin community engagement coming from males. ^[7]
This compares to 14.23% for females. ^[7]
Males show a slightly higher level of awareness, with 78% of survey respondents reporting awareness of Bitcoin. ^[7]
Females reported a 71% awareness rate of Bitcoin. ^[7]
A survey shows white respondents are more aware of Bitcoin as compared to 66% for Hispanic and 61% for Black respondentsStatista conducted a survey where they revealed the awareness of Bitcoin among different races in America. ^[7]
White respondents showed the highest level of awareness of Bitcoin’s existence at 80% penetration, Hispanic and Black respondents had 66% and 61% awareness of Bitcoin, respectively. ^[7]
67% of Millennials Look to Bitcoin as a Safe Haven Asset as Compared to GoldA global survey conducted by J.P. Morgan Chase found that place more trust in Bitcoin during tough economic climates than gold. ^[7]
Carbon emissions from Bitcoin mining is greater than that of global gold miningBased on the estimated amount of global carbon emissions tied to gold mining, 81 million metric tons of CO2, Bitcoin mining produces more global carbon emissions. ^[7]
The estimated ratio of electricity costs to total miner income is 22.13%Of the total Bitcoin mining income generated each year on average , miners spent 22.13% of their income on electricity costs ($4,466,697,344 / ). ^[7]
More than 60% of the Bitcoin network’s hash rate depends on nonrenewable energy sourcesFor total global energy consumption by Bitcoin miners, over 60% of power consumed comes from non. ^[7]
72% of Bitcoin mining occurs in China, where nearly 66% of electricity comes from coal powerThe vast majority of Bitcoin mining occurs in China, a country with nearly 66% of its annual power production coming from coal. ^[7]
24 countries do not take the view that virtual currencies are equivalent to sovereign currenciesAccording to a report by the OECD, 24 countries do not view virtual currencies as equivalent to currencies. ^[7]
A study found that two hacking groups claimed responsibility for about 60% of all recorded crypto thefts, worth more than $1 billion. ^[7]
Relatedly, another report states that 50 80% of initial coin offerings were designed and created as fraudulent activities, but organizers realized their projects wouldn’t materialize. ^[7]
73% of the cryptocurrency crimes in 2020 are estimated to be fraud. ^[7]
Meanwhile, 50% of all cryptocurrency thefts in 2020 came from hacks and frauds related to decentralized finance. ^[7]
Despite cryptocurrency’s susceptibility to be used for money laundering, only 1.1% of all transactions are illegal. ^[7]
By that volume, less than 0.5% of Bitcoin’s yearly transactions boil down to illicit activity. ^[7]
The average value acquired by crypto criminals in 2020 was 58% lower than in 2019. ^[7]
One positive outcome from a hack is that the cryptocurrency exchange KuCoin was able to recover more than 80% of stolen funds from a $281million. ^[7]
Possible transactions for your cryptocurrencies include The receipt or transfer of crypto for free, including from anor acurrency quickly jumped over 311,000% in under a decade. ^[7]
The top 10 global cryptocurrency exchanges account for 79% of daily average trade volume. ^[7]
Further demonstrating the top heavy nature of these global virtual currency exchanges, the top 4 global crypto exchanges account for 63.4% of global crypto trade volume. ^[7]
In 2020, the total number of digital payments crossed 700 billion, representing 14% growth over the previous year. ^[7]
In 2020, the total number of Bitcoin payments surpassed 120 million, representing a small but growing percentage of total digital payments. ^[7]
Between 2019 and 2020, the overall frequency of cryptocurrency theft increased, but the value stolen in 2019 is 160% higher than that in 2020. ^[7]
Over $281m of cryptocurrency had been stolen in 2020 through the KuCoin hack, but roughly 80% of this has since been recovered. ^[7]
According to Pew Research, approximately 16% of Americans use cryptocurrency in some shape, form or fashion. ^[7]
Despite the IRS including a question on page 1 of Form 1040 about crypto transactions you may have been part of during the year, many likely still fail to report any tax liability . ^[7]
A reported 32% of Nigerians say they have owned or used crypto at some point in 2020. ^[7]
The U.S. respondents showed approximately 6% of Americans can make the same claim. ^[7]
67% of millennials said they’d prefer Bitcoin in their millennials portfolio. ^[7]
Based on the estimated amount of global carbon emissions tied to gold mining, 81 million metric tons of CO2, Bitcoin mining produces more global carbon emissions. ^[7]
Of the total Bitcoin mining income generated each year on average , miners spent 22.13% of their income on electricity costs ($4,466,697,344 / ). ^[7]
For total global energy consumption by Bitcoin miners, over 60% of power consumed comes from non. ^[7]
The vast majority of Bitcoin mining occurs in China, a country with nearly 66% of its annual power production coming from coal. ^[7]
According to a report by the OECD, 24 countries do not view virtual currencies as equivalent to fiat currencies. ^[7]
Cyber attacks are more likely to bring down F 35 jets than missiles. ^[8]
Over 75% of targeted cyberattacks start with an email. ^[8]
Global cybercrime costs are expected to grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025. ^[8]
The first half of 2021 saw a 102% increase in ransomware attacks compared to the beginning of 2020. ^[8]
53% of adults agree thatremote work has made it much easier for hackers and cybercriminals to take advantage of people. ^[8]
Spam was the most popular type of threat leveraging COVID19, with 65.7% of COVID 19 related threats being spam email. ^[8]
44% of adults feel more vulnerable to cybercrime than they did before the COVID. ^[8]
About one in five consumers fell victim to scam in the last year, with 4% clicking a fraudulent COVID19 contacttracing link and another 4% paying a fee to receive COVID19 relief money, and 3% paying to get an illegitimate COVID. ^[8]
Since COVID 19, the FBI has reported a 300% increase in reported cybercrimes. ^[8]
The COVID 19 pandemic has been connected to a 238% surge in cyberattacks against banks. ^[8]
There has been a rise in ransomware campaigns requiring payment in cryptocurrency — a 35% increase from late 2020 to early 2021. ^[8]
Bitcoin accounts for 98% of cryptocurrency ransomware payments. ^[8]
58% of adults are more worried than ever about being a victim of cybercrime. ^[8]
13% of consumers use a VPN to protect their online privacy. ^[8]
62% of adults admit it’s difficult to determine if the information they see online is from a credible source. ^[8]
53% of adults admit they don’t know how to protect themselves from cybercrime. ^[8]
63% of consumers are very worried their identity will be stolen. ^[8]
38% of consumers have never considered their identity could be stolen. ^[8]
78% of consumers are concerned about data privacy. ^[8]
63% of consumers are alarmed more than ever about their privacy. ^[8]
27% of consumers have stopped using public Wi Fi to protect their online privacy. ^[8]
83% of consumers want to do more to protect their privacy, but 47% don’t know. ^[8]
46% of Americans would have no idea what to do if their identity was stolen, and 77% wish they had more information on what to do if it were. ^[8]
91% of people know the risks of reusingpasswords across their online accounts, but 66% do it anyway. ^[8]
41% of people don’t think their accounts are valuable enough to be worth a hacker’s time. ^[8]
47% of cybercrime victims lose money as a result of a cybercrime committed. ^[8]
It’s estimated that global ransomware damage costs will reach $20 billion in 2021. ^[8]
Tech support frauds amounted to over $146 million, a 171% increase in losses from 2019. ^[8]
Globally, those who experienced cybercrime in the past year spent an average of 6.7 hours resolving it for an estimated 2.7 billion hours lost in total. ^[8]
70% of online fraud is accomplished through mobile platforms. ^[8]
There has been a 680% increase in fraud transactions originating from mobile apps from 2015 to 2018. ^[8]
Nearly three quarter of U.S. gamer (73%) ay they would never fall for a gaming cam, with about half (51%). ^[8]
There was a 30% rise in IoT malware in 2020, a total of 32.4 million worldwide. ^[8]
Infectedrouters account for 75% of IoT attacks, and connected cameras accounted for 15% of them. ^[8]
63% of people find IoT devices “creepy” in the way they collect data about people and their behaviors. ^[8]
53% of people distrust IoT devices to protect their privacy and respectfully handle their information. ^[8]
28% of people who do not own a smart device will not buy one due to security concerns. ^[8]
There was a 43% increase in social media fraud attacks in 2018. ^[8]
11% of consumers have deleted a social media account to protect their online privacy. ^[8]
34% of U.S. adults don’t trust social media companies at all with safeguarding their personal data. ^[8]
2020 saw a 40% surge in global ransomware. ^[8]
The U.S. saw 145.2 million ransomware hits in 2020, a 139% increase over 2019. ^[8]
On average, only 65% of the encrypted data is restored after ransoms are paid 79. 37% of organizations were hit by ransomware in 2020, a 14% decrease from 2019 when 51% of organizations were hit. ^[8]
80. 10% of data breaches involve ransomware. ^[8]
There was a 39% decrease in malware worldwide in 2020. ^[8]
Nearly 60% of Americans have reportedly been exposed to fraud schemes, including 26% exposed to email phishing scams. ^[8]
36% of data breaches involved phishing. ^[8]
50% of data breach incidents involved phishing andsocial engineering. ^[8]
There was a 67% increase in security breaches between 2014 and 2019. ^[8]
90. 85% of data breaches involve a human element. ^[8]
86% of adults are unaware of stalkerware or have only heard the name, meaning only 14 percent are familiar with stalkerware or creepware. ^[8]
Instances of stalkerware increased by 20% from November 2020 to January 2021. ^[8]
66% of tech support fraud victims are reportedly over 60 years old, they lost over $116 million to frauds in 2020. ^[8]
14% of consumers have detected unauthorized access on an email account. ^[8]
and .jar, represent around 37% of all malicious file extensions 102. ^[8]
It’s estimated that there will be a ransomware attack on businesses every 11 seconds in 2021. ^[8]
70% of consumers believe businesses aren’t doing enough to secure their personal information. ^[8]
68% of business leaders feel their risk of a cyberattack is increasing. ^[8]
47% of organizations have had at least one employee download a malicious app. ^[8]
57% of all organizations have experienced a mobile phishing incident. ^[8]
59% of consumers are likely to avoid companies that suffered from a cyberattack in the past year. ^[8]
For reference, 88 percent of organizations face spear phishing attempts in a single year — that means many businesses could be targeted by spear phishing attacks every day. ^[8]
The Android robot is reproduced or modified from work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License. ^[8]

I know you want to use Cryptocurrency Payment Apps, thus we made this list of best Cryptocurrency Payment Apps. We also wrote about how to learn Cryptocurrency Payment Apps and how to install Cryptocurrency Payment Apps. Recently we wrote how to uninstall Cryptocurrency Payment Apps for newbie users. Don’t forgot to check latest Cryptocurrency Payment Appsstatistics of 2024.

Reference

techjury – https://techjury.net/blog/cryptocurrency-statistics/.
mckinsey – https://www.mckinsey.com/industries/financial-services/our-insights/banking-matters/new-trends-in-us-consumer-digital-payments.
emizentech – https://www.emizentech.com/blog/mobile-payment-statistics-facts.html.
fortunly – https://fortunly.com/statistics/blockchain-statistics/.
ftc – https://www.ftc.gov/news-events/data-visualizations/data-spotlight/2024/02/reports-romance-scams-hit-record-highs-2021.
clevertap – https://clevertap.com/blog/mobile-payment-statistics/.
imf – https://www.imf.org/external/pubs/ft/fandd/2019/09/the-truth-about-the-dark-web-kumar.htm.
youngandtheinvested – https://youngandtheinvested.com/cryptocurrency-statistics/.
norton – https://us.norton.com/internetsecurity-emerging-threats-cyberthreat-trends-cybersecurity-threat-review.html.
businessofapps – https://www.businessofapps.com/data/cash-app-statistics/.
businessofapps – https://www.businessofapps.com/data/cryptocurrency-app-market/.
pewresearch – https://www.pewresearch.org/fact-tank/2021/11/11/16-of-americans-say-they-have-ever-invested-in-traded-or-used-cryptocurrency/.

How Useful is Cryptocurrency Payment Apps

One of the main advantages of cryptocurrency payment apps is convenience. With just a few taps on your smartphone, you can send or receive payments in a matter of seconds, without the need for a traditional bank account. This has made them appealing to a wide range of users, from tech-savvy millennials to small business owners looking for a new way to accept payments.

Furthermore, cryptocurrency payment apps offer an added layer of security that is often lacking in traditional financial transactions. Because transactions are encrypted and validated on a decentralized network, there is a reduced risk of fraud or identity theft. This can give users peace of mind knowing that their financial information is protected from potential threats.

Additionally, cryptocurrency payment apps have the potential to reduce transaction fees and processing times. With traditional financial institutions, transactions can take days to process, and fees can eat into the amount being sent or received. With cryptocurrency payment apps, transactions can be completed in a matter of minutes, and fees are often significantly lower than traditional banking methods.

However, despite these advantages, cryptocurrency payment apps also come with their own set of challenges and limitations. The volatility of the cryptocurrency market can make it difficult for users to predict the value of their holdings from one day to the next. This can lead to losses or gains depending on market conditions, which can be a cause of concern for those looking for stability in their financial transactions.

Furthermore, not all merchants accept cryptocurrency as a form of payment, which limits the usefulness of these apps in everyday transactions. While there has been a push for wider adoption of cryptocurrencies, there is still a long way to go before they become as mainstream as traditional payment methods.

Another challenge facing cryptocurrency payment apps is the potential for regulatory scrutiny and backlash. As governments around the world grapple with how to regulate cryptocurrencies, users may find themselves dealing with increased restrictions or oversight in the future. This could impact the usability and appeal of these apps for those looking for a way to transact without interference from centralized authorities.

In conclusion, while cryptocurrency payment apps offer a range of benefits, they also come with their own set of challenges and limitations. Whether they will become the future of financial transactions remains to be seen, but for now, they offer an intriguing glimpse into the potential of a decentralized and secure financial system.

In Conclusion

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Cryptocurrency Payment Apps Statistics 2024 – Everything You Need to Know