Bitcoin payments decline as other cryptocurrencies grow

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Bitcoin payments decline as other cryptocurrencies grow
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  • 📰 Cointelegraph
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What crypto do you use for payments? BitPay, one of the world's most well-known crypto payments processors, has seen a shift in the type of digital assets used for purchases over the last year.

The trend suggests that individuals are holding Bitcoin rather than spending it.

Bitcoin’s prices increased by 60% in 2021, regardless of the fourth quarter’s volatility. According to BitPay, the majority of last year’s crypto transactions were in luxury items such as jewelry, watches and automobiles.

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