Italians Love Cash But Are Growing Fond of Crypto, New Stats Suggest

Italy, one of the world’s largest economies, has faced plenty of financial challenges in the past decade. That’s probably one of the reasons why cryptocurrencies have been faring better there than in other European countries. Italians love cash but are also warming up to its decentralized digital alternative. The number of businesses accepting crypto payments has been growing, new data from the Apennines shows.

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Positive Statistics Reveal Northern Italy Leads in Adoption

Figures published recently by market data provider Statista indicate that the number of Italian stores and companies accepting bitcoin is growing. Over 350 businesses in the retail or food service sectors, for example, supported cryptocurrency payments as of November 2019, significantly more than in other industries. In total, there are 270 Italian retailers and 214 service providers who support crypto…