Data: 55% of crypto holders rarely use bitcoin for payments, with merchant acceptance and high fees being the main obstacles

According to ChainCatcher, a survey conducted by Bitcoin mining company GoMining among 5,700 respondents shows that over 55% of crypto holders rarely or never spend Bitcoin, but nearly 80% support broader adoption and believe in BTC as a means of payment.

The respondents pointed out that the main factors limiting Bitcoin payments include limited merchant acceptance, high fees, as well as privacy and security concerns. GoMining CEO Mark Zalan stated: Users want to spend cryptocurrency frictionlessly and receive rewards when spending.