Crypto Payment Adoption Stalls Among Eurozone Merchants

A new survey by the European Central Bank has revealed that cryptocurrency adoption as a payment method among European merchants is still in its early stages. The survey, which gathered responses from 8,205 companies across 21 eurozone countries, found that only 0.2% of online businesses accept digital assets like Bitcoin or Ethereum.

In contrast, mobile payments have surged to 68% acceptance among merchants, reflecting a broader trend toward digital and contactless payments. The survey's findings underscore the persistent gap between crypto enthusiasm and practical commercial use.

The ECB's data aligns with previous research indicating that crypto is primarily used as an investment asset rather than a medium of exchange. High volatility, regulatory uncertainty, and low consumer demand are often cited as barriers to adoption for merchants.