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Introducing the 2024 stablecoin in crypto-shopping report

The importance of stablecoins and alternatives to Ethereum mainnet in driving consumer purchases with cryptocurrencies

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Education and crypto-shopping: A remarkable correlation revealed

Education and crypto-shopping: A remarkable correlation revealed

Crypto-shopping is a buzzword capturing the collision between cutting-edge blockchain technology and the dynamic world of e-commerce. As digital transactions evolve, this realm of cryptocurrency-fueled shopping is drawing increasing attention. Yet, who exactly are the trailblazers navigating this new landscape? While the very-detailed answers were presented in the full version of the Cryptorefills Lab’s 2022 report, here we provide a snapshot, revealing that education plays a surprisingly prominent role in crypto-shopping trends. Interestingly, data suggests that these pioneers tend to be more educated than the average global citizen.

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Education and crypto-shopping: A remarkable correlation revealed
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Crypto-shopping is emerging fast in the developed economies

Cryptorefills Lab’s 2022 report provides great insight into the crypto-shopping preferences of consumers across the globe. Based on the information in the report and comparing the current statistics with the previous year’s report, it is seen that cryptocurrencies are increasingly being used as a means of payment in developed markets. While the demand from the emerging and least developed markets can be linked to the fact that many people in those countries do not yet have access to traditional financial services, like credit cards, or are facing hyperinflation in their local currencies, so the increasing demand from the more developed markets is worth paying attention to. The chart compares the data from 2021 to 2022 and emphasizes the increase in the share of crypto-consumers in high-income countries, as well as OECD members and states in the European Union, which often are categorized as well-developed.

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CryptoShoppers Cluster Map from CryptoRefills Labs

Introducing the 2022 Cluster Analysis

Our 2022 “Full” edition of the “Cryptocurrency in Retail: Consumer Adoption Report” for the first time features a Cluster Analysis. In this brief article we explain what a cluster analysis is and how it is used for marketing research. We then explain the analytical methodology we used for our research. We conclude by describing the Cluster Analysis section of our Report 2022 by explaining the content and types of charts and data included.

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CryptoShoppers Cluster Map from CryptoRefills Labs
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Why don’t more women show interest in crypto-shopping?

Women’s interest in crypto-shopping didn’t increase during the first three quarters of 2021. According to Cryptorefills Consumer Report 2021, in the year 2020, females’ share among all crypto-shoppers was only 8.8%. This rate was recorded as 8.5% in the first nine months of 2021. We also note that no crypto-shopper has responded with a non-binary gender.

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If you think crypto-shopping is for experts, you are wrong, and this is why

The complex universe of blockchain technologies is becoming even more and more complicated with new emerging add-ons, including but not limited to the massive number of new cryptocurrencies, non-fungible tokens (you guessed it right, NFTs!), DeFi exchanges, decentralized autonomous organizations (DAO), and so much more.
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Research

Shopping with stablecoins

In this article, we will share some of our most recent findings concerning the use of stablecoins for purchasing goods and services. If you are not quite sure how stablecoins work, don’t panic, we will first briefly explain what stablecoins exactly are and how they
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Shoppers look for cheaper ways to make crypto payments

Before jumping on a new topic in the series, there are more words to be said regarding the effects of Bitcoin’s mempool on the crypto-shopping experiences.
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Article

What are crypto-queues, and how you can avoid them

Overcrowded queues do not merely affect the customers at the airports, malls, and state departments but also annoy the crypto-consumers, who pay for goods and services online via their favorite crypto……
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