Cryptocurrency in eCommerce: Everything You Should Know in 2022

Cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Cryptocurrency is used for exchange online for goods and services.

Cryptocurrencies work using a technology called Blockchain. Blockchain is a decentralized technology spread across many computers that manage and records transactions. Part of the appeal of this technology is its security.

The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software. Bitcoins are created as a reward for a process known as mining.

Cryptocurrency History

How many active crypto users are there?

The last report published by the Cambridge Centre for Alternative Finance concluded that there were more crypto traders than ever, with more than 35 out of 139 million cryptocurrency accounts ID-verified users, which could be considered as regulated exchanges’ users (Coinbase, etc.), and therefore considered as active

As of 2021, we estimated global crypto ownership rates at an average of 3.9%, with over 300 million crypto users worldwide. The market size for cryptocurrency will get to $1087.7 million by 2026.

Here I am going to share interesting Cryptocurrencies Statistics & Facts from statista.com