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Cryptocurrency withdrawal or crypto use in POS transactions in Russia seemed exclusively reserved to public ATMs or specialized stores in 2021. This according to information from an open-source website that tracks especially small companies on whether they have cryptocurrency solutions available to them. Russia's locations were significantly different from the global business types that offer crypto solutions, suggesting that day-to-day practices with virtual currencies in, say, a bakery, were relatively uncommon. Note that clear figures on day-to-day payments with Bitcoin, Ethereum or Ripple are difficult to establish: This is partly due to the nature of cryptocurrencies themselves but also due to the small nature of the companies that might offer these options.

Number of businesses in Russia that either have a cryptocurrency ATM or offer crypto as an in-store payment method as of March 9, 2021, by industry

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Release date

March 2021

More information

Region

Russia

Survey time period

March 9, 2021

Special properties

All figures provided are estimates; * Not all companies were categorized, see the "Details" tab for more information

Supplementary notes

* On March 9, 2021, the source consisted of a database of 21,941 companies, which were then assigned a business type matching Statista's own categorization. Due to the size of the data set, this categorization is an ongoing process, with roughly 75 percent of all data having been assigned an industry as of the aforementioned date.

The numbers provided are Statista estimates based on information from OpenMap.org, using software from Nominatim.

The information provided here comes from an open-source platform, meaning that people can add or remove companies at their own behest. This might lead to some countries having more entries than others (e.g. the website being more known/used in country X than in country Y), or that some figures have not been updated (e.g. a company was added at some point, but the business dissolved at a later date and had not been removed from the database). Additionally, the cryptocurrency market is a volatile market that is difficult to map out. For these reasons, all figures provided are estimates and may vary in accuracy.

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