![]() Consumers also tend to move to stablecoins – whose value is supposed to stay steady – when crypto prices drop, and they’ve been falling since early November. The alternative coins’ use surged partly as more businesses have begun using stablecoins for cross-border payments. Ether purchases accounted for 15 per cent of the total, stablecoins were 13 per cent and new coins added to BitPay in 2021 – Dogecoin, Shiba Inu and Litecoin – accounted for 3 per cent. Last year, Bitcoin’s use at merchants that use BitPay dropped to about 65 per cent of processed payments, down from 92 per cent in 2020, the company told Bloomberg. Version 3.0.0 is a custom integration for BitPay, allowing merchants and buyers to use cryptocurrencies.Consumers and businesses are increasingly starting to use digital tokens other than Bitcoin for purchases, according to BitPay, one of the biggest crypto payments processors in the world.
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