April 25, 2019, 6:41AM EDT
• 3 min read

A look at the data behind Bitcoin's declining use in payments

Quick Take

  • In 2018, nearly $2.4 billion of bitcoin was processed by payment processors, a 24% decline from 2017
  • In December 2018, the amount of bitcoin that was processed for payments was the lowest since December 2016
  • The share of payments out of the total economic transactions reached a 5-year low in February 2018

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