STICPAY report: 185% increase in the number of users with crypto-currencies, 12% increase in the number of users with fiat currencies
According to Cointelegraph, UK payments app STICPAY saw a 48% increase in cryptocurrency deposits in the first quarter of this year, while escrow deposits remained unchanged. According to the report, compared to the same period last year, the number of STICPAY users switching from fiat to fiat increased by 185%, while the number of users returning to fiat decreased by 12%. The company's primary account holder, James Bay, said Bitcoin is always ahead of cryptocurrencies. It was Bitcoin that changed the attitude of payment and outlook, and it was also Bitcoin that was difficult for fiat currency. Cryptocurrencies are on the rise of the warning, but it remains to be seen if this shift will continue. Bay believes that the continuation of the model will depend on public data such as Project Musk.
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