Hodl or spend? Retailers offer Black Friday deals for those paying with cryptocurrency
Cointelegraph
Published Nov 27, 2020 05:31PM ET
Updated Nov 27, 2020 07:20PM ET
Cryptocurrency adoption is slowly but surely making its way to the mainstream — a notion that has become more apparent as major retailers like PayPal announce support for digital currencies. As such, it shouldn’t come as a surprise that crypto holders may be keen to spend some of their digital currency this holiday season.
According to a new report from Forrester and blockchain payments service provider BitPay, cryptocurrency adopters tend to spend more than other consumers. Based on interviews with BitPay merchants, the report noted that cryptocurrency users have an average order value of $450, compared to about $200 for non-cryptocurrency users.
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Written By: Cointelegraph
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