Bitcoin is now the third largest online payment payment method in Italy, defeating Visa and MasterCard

Last week, Bitcoin has become Italy's third-largest online payment method, even defeating Visa, Mastercard and American Express. According to market analysis firm SEMRush, Bitcoin is currently ranked third after PayPal and local national prepaid card service PostePay. In addition, Italian news media La Stampa said that PayPal pays 1.3 million transactions per month, and PostePay follows closely with nearly 1.2 million. Secondly, Bitcoin, Italy uses Bitcoin for online shopping more than 215,800 times a month, while American Express uses only 18,000 times a month. In addition, the most frequent month for Bitcoin payments occurred in June 2019, with a total of 368,000 payment transactions completed. Historically, Italians have been wary of virtual currency payments, preferring cash on delivery or in-store payments. However, according to these latest data, the country’s mood for virtual currency seems to be changing.