(OP)inions The rise of digital tokens

January 17, 2022

Consumers and businesses are increasingly starting to use digital tokens other than Bitcoin for purchases, according to BitPay Inc., one of the biggest crypto payments processors in the world.

Last year, Bitcoins use at merchants that use BitPay dropped to about 65% of processed payments, down from 92% in 2020.

ETH purchases accounted for 15% of the total, stablecoins were 13% and new coins added to BitPay in 2021 -- Dogecoin, Shiba Inu and Litecoin -- accounted for 3%.

OnePro Special Analyst

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