Crypto Adoption for Payments Doubles in Australia

A new survey indicates that cryptocurrency adoption for everyday payments in Australia has doubled over the past year, even as banking restrictions continue to create significant barriers for users.

The report, released by the cryptocurrency exchange Independent Reserve, is based on a poll of 2,000 Australians conducted from January 12 to 30, 2026. It found that 12 percent of respondents used digital assets to purchase goods or services in 2026, up from 6 percent the previous year. Overall ownership of cryptocurrency reached 33 percent, an increase from 31 percent in 2025. The findings suggest a growing perception among Australians that cryptocurrencies serve practical purposes beyond speculation, such as facilitating transactions in retail and services.

Online shopping led the use cases, with 21 percent of those employing crypto for payments citing it as their primary application. Professional or freelance services and in-game purchases each accounted for 16 percent. Other notable categories included food and beverages at 14 percent, digital content or entertainment such as music and streaming at 11 percent, and travel and accommodation also at 11 percent. These trends reflect...