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EU Crypto Adoption Stalls as ECB Finds Mere 0.2% Online Usage Skip to main content

EU Crypto Adoption Stalls as ECB Finds Mere 0.2% Online Usage

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The survey, which involved 8,205 companies across the European Union, found that only 0.2% accepted cryptocurrencies for online payments. Acceptance of digital assets rose to 1% at physical points of sale. 92% of companies with physical points of sale accept cash, making it the most widely accepted payment method in Europe.

EXECUTIVE Summary 

  • An ECB survey found crypto acceptance at European businesses is under 1%, while cash dominates at 92%.
  • Low crypto adoption means EU businesses miss out on reduced transaction fees and fewer middlemen.
  • Despite MiCA regulations offering clarity, EU payment firms are slow to build crypto solutions.


ECB Use of Cash Survey Reveals Low Cryptocurrency Adoption

The latest survey of the European Central Bank (ECB) on the use of cash by companies in the euro area has offered an insight into the low level of crypto adoption in the region.

The survey, which included 8,205 companies in all Euro area countries, seeks to determine the standing of cash among other more modern payment options. The results indicate that physical money is the most widely adopted payment option across Europe, with cash being accepted at 92% of the companies selling goods and services at physical locations.

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