Gen Z Dominates Peer-to-Peer Crypto Payments Amid Broader Adoption

A new report highlights the growing influence of Gen Z on peer-to-peer (P2P) cryptocurrency transactions. According to the study, the younger generation now makes up 72% of all P2P transfers, followed closely by millennials at 24% and Gen X at 4%. This trend is consistent with broader crypto adoption rates, which have seen significant growth in regions such as Asia, Latin America, and Africa.

From a regional perspective, Asia leads the way in P2P usage, with 74% of all transactions taking place on the continent. This is followed by Latin America at 62% and Africa at 54%. In contrast, Europe and North America have recorded the lowest adoption rates for P2P payments.

The growth of mobile devices has also contributed to the rise in P2P transactions, with biometric and two-factor authentication mechanisms offering perceived security guarantees. As a result, crypto firms are prioritizing a mobile-first approach to scale across this active demographic.