85.32% of Europeans Consider Using Crypto for Holiday Spending as Interest Grows

Bitget, a leading cryptocurrency exchange and Web3 company, recently released the results of a survey conducted among over 3,000 European cryptocurrency users, exploring their interest in using digital assets for holiday-related expenses. The survey reveals a strong and growing appetite for crypto-powered travel across the continent, with 85.32% of respondents having either already used or considering using crypto to book their trips [1].

The primary intended uses for crypto during holidays include daily expenses (58.86%), accommodation (58.59%), and transport (55.15%), aligning with prior research on crypto adoption in Europe. Users are motivated by various factors, including the avoidance of foreign exchange fees (51.46%), faster transactions (48.64%), and privacy concerns, particularly in Germany and Poland. In Italy, 46% of respondents cited an interest in new technologies as a key factor. Generational preferences also vary, with Gen Z placing significant emphasis on lower fees and Gen X highlighting the importance of loyalty programs and the ability to transact in remote areas [1].

Despite the growing interest, significant barriers remain. A majority of respondents (58.30%) point to the lack of acceptance by travel providers as the main challenge. While some travel companies facilitate crypto payments indirectly through platforms like Bitrefill or Entravel, direct crypto payments are still limited, creating obstacles for on-site expenses. Price volatility (42%) is another concern, though it remains consistent across regions and age groups. Regional differences include higher levels of concern over regulatory uncertainty among French users (35%) and security issues in Eastern Europe (38%) [1].

Stablecoins are the preferred cryptocurrency for travel-related use cases, selected by 67% of respondents. Bitcoin ranks second, with 45% of users expressing a preference for it, reflecting the growing importance of technologies like the Lightning Network in improving transaction speed and cost-effectiveness for daily use [1].

Looking ahead, the survey indicates a positive outlook, with 91% of respondents believing that using cryptocurrencies for holiday bookings will become easier in the near future. Gracy Chen, CEO at Bitget, emphasized the practical applications of crypto beyond holding assets, especially for universal needs like travel. She noted that infrastructure advancements and payment solutions are expected to play a key role in integrating crypto into everyday life [1].

The survey results underscore the growing integration of cryptocurrencies into the travel sector, although challenges such as merchant acceptance and price stability must still be addressed. As more companies adopt crypto payments and supporting technologies mature, the prospect of a seamless crypto-powered travel experience appears increasingly viable [1].

Source: [1] Bitget Survey Reveals Overwhelming European Interest in Crypto for Holidays

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