RATE Group | Where Does Europe Spend its Bitcoin? The Answer Will Surprise You!
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Where Does Europe Spend its Bitcoin? The Answer Will Surprise You!

17 Jan Where Does Europe Spend its Bitcoin? The Answer Will Surprise You!

Posted at 15:52h in Bitcoin News by

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Where Does Europe Spend its Bitcoin? The Answer Will Surprise You! 101
Source: iStock/thamerpic

With more and more of us now choosing to spend our cryptocurrency holdings – instead of simply hoarding tokens – you might assume that people are starting to spend big on finance and investment. And according to a new report, you’d be wrong.

Per data compiled by financial platform 2gether, their European clients are actually spending their hard-earned tokens in restaurant and hotels, where some are even more likely to pay in bitcoin and altcoins than they are in euros. And as for finance and investment – well, they don’t even make it into the top five crypto spending categories.

Instead, almost 33% of the company’s crypto pay customers are choosing to spend coins in restaurants and hotels. Crypto-friendly supermarkets and grocery stores are another winner, with a 19% stake. Others are spending on communications and transport (both 12%).

Recreation and culture accounted for some 8% of crypto spending. Finance and investment ranked way down in…

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