Of the total payment volume in the first two months of 2022, close to 50 percent of the value of payments is transacted directly between individuals. These payments can serve a wide array of purposes. People can use them to transfer remittance payments to a relative abroad, buy stuff from their neighbor, hand out sats to their friends, etc.

Of the total payment volume in the first two months of 2022, close to 50 percent of the value of payments is transacted directly between individuals. These payments can serve a wide array of purposes. People can use them to transfer remittance payments to a relative abroad, buy stuff from their neighbor, hand out sats to their friends, etc.

20 percent of the payments in 2022 have been purchases of goods or services handled through a payment processor or bought indirectly through gift cards.

Even though trading markets have been slow in January and February, deposits and withdrawals still account for a third of the payment volume in the first two months of 2022. Other payments make up a tiny part of payment volume accounting for about 1 percent.

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