Crypto Acceptance Among European Merchants Remains Minimal, ECB Survey Finds

BitcoinWorld Crypto Acceptance Among European Merchants Remains Minimal, ECB Survey Finds A new European Central Bank survey reveals that cryptocurrency adoption as a payment method among European merchants is still in its infancy.

Only 0.2% of online businesses in the eurozone accept digital assets like Bitcoin or Ethereum, while in-store acceptance remains below 1%. The findings underscore a persistent gap between crypto enthusiasm and practical commercial use.

Survey Scope and Key Findings The ECB’s report, based on responses from 8,205 companies across 21 eurozone countries, paints a clear picture of payment preferences.

While cash and physical cards dominate in-store transactions, with acceptance rates of 92% and 88% respectively, cryptocurrencies lag far behind. Even stablecoins, often touted as a more practical medium of exchange, failed to gain traction, with acceptance under 1%.