70% of cryptocurrency payments in the EU are in retail and food services… payments closer to everyday life are on the rise

It has been found that 70% of cryptocurrency payments in the European Union (EU) were used for retail and food and drink purchases.
On the 19th (local time), the cryptocurrency payment platform "Oobit"
Analysis of user payment data confirmed that retail and food service industries accounted for 70% of all cryptocurrency payments.
This was followed by 26% being spent on tourism-related expenditures such as accommodation, travel, and air travel, and 27% on government services and digital services.
The cryptocurrency payments sector accounted for 1.5%, while other spending such as healthcare and entertainment accounted for 1.5%. The average cryptocurrency payment size measured in USD terms was $8.36.
Oobit analyzed that the spread of cryptocurrency payments has been made possible by the government's efforts to regulate and the growing acceptance of digital assets in the EU. However, 92% of payments are in USDT.
This is being done through cryptocurrency exchanges, which could potentially violate the MiCA regulation, the EU's proposed cryptocurrency regulation that became fully effective on December 30, 2024.
Additionally, crypto usage in the Central, North and Western Europe (CNWE) region grew 44% year-over-year.
The report found that the region's stablecoin market is growing 2.5 times faster than North America, especially for transactions below $1 million.