New study shows retail and e-commerce lead cryptocurrency adoption

A study by crypto tax software CoinLedger found that the retail and e-commerce industries offer the highest number of companies offering purchases through cryptocurrencies.

The study, received by, compiled a list of more than 300 major companies. It turns out that retail and e-commerce rank first in cryptocurrency acceptance rankings.

60 companies accept cryptocurrency payments. These companies include Adidas, Yankee Candle and H&M, as well as online shopping platforms such as Etsy.

New Study Shows Retail and E-Commerce Lead Cryptocurrency Adoption - 1
Cryptocurrency Adoption Rates | Source: CoinLedger

Ranking second is the food and catering industry, with a total of 54 companies on the list. Examples include Chipotle, Chuck E Cheese’s, Domino’s and Hard Rock Café, as well as delivery services like DoorDash and Uber Eats.

In third place is the luxury retail industry, with 35 companies offering this service, including high fashion brands Gucci and Ralph Lauren, luxury watch retailer Hublot, and jewelry companies such as Jewelry Laboratories and CRM Jewelers.

Next is the travel and hospitality industry in fourth place, with 31 companies accepting cryptocurrency payments. The top five are companies providing internet and online services: 28 accept cryptocurrencies as a method of payment.

“The growing number of companies accepting cryptocurrency payments reflects the growing acceptance and adoption of digital currencies in the mainstream economy. This trend not only aligns with the changing preferences of tech-savvy consumers, but also offers the opportunity for lower transaction fees and Benefits such as improved safety.”

David Kemmerer, Co-Founder and CEO, CoinLedger

Before, chain analysis Analysts have found that cryptocurrency adoption is declining globally, except in low- and middle-income countries.

The most popular digital assets are the populations of countries like India, Nigeria, and Ukraine. Meanwhile, in developed countries, the volume of transactions conducted by institutional investors has declined.

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