More and more industries in Spain decide to enter the world of cryptocurrencies. According to data provided by Statista, the number of crypto companies registered to operate in Spain during 2023 grew by approximately 56%.
A clear example of the growth of the crypto ecosystem in Spain is the recent incorporation of 700 gas stations belonging to Cepsa as points of sale for cryptocurrencies. This is how customers who visit Cepsa establishments will be able to purchase cryptocurrencies in cash or with cards through coupons.
What are the most common use cases of cryptocurrencies in Spain?
Spaniards use cryptocurrencies for different purposes, some of the most common use cases are:
Payments and Transfers: Cryptocurrencies are used to make international payments and transfers, offering an alternative to traditional banking systems and eliminating intermediaries.
Investment and Speculation: Many users invest in cryptocurrencies as digital assets, seeking profits through speculation in their prices.
Purchase of Goods and Services: A growing number of online businesses and services accept cryptocurrencies as a form of payment, allowing for faster and more secure transactions.
Remittances: Cryptocurrencies are an efficient tool for sending remittances, reducing transaction costs and time.
Preservation of Value: In the face of inflation or devaluation of the local currency, some users prefer to keep their wealth in cryptocurrencies to preserve their value.
In this sense we can see how the cryptocurrency market in Spain is in a moment of rapid expansion, where more and more companies decide to enter the crypto market, making different crypto services available to the general public.
We will also be able to see how the use cases of cryptocurrencies are diverse from payments, investments to remittances, among others.
