In June, Monero (CRYPTO:XMR) emerged as the preferred payment method at Shopinbit, a prominent European online retailer.
According to Shopinbit, Monero accounted for a significant 74.54% of all transactions during the month, outpacing Bitcoin (CRYPTO:BTC) (23.64%), Lightning Network (1.73%), and fiat payments (0.08%).
Established in 2018, Shopinbit offers a diverse range of products including sports equipment, electronics, toys, bikes, outdoor gear, and pet supplies.
If this trend continues, Shopinbit plans to rebrand as "Europe’s biggest Bitcoin and Monero Store," reflecting the growing dominance of XMR in its payment ecosystem.
Despite a recent 2.2% decline in XMR's value over the past day, Monero has seen a 1.9% increase against the U.S. dollar over the week.
Its trading range has fluctuated between $156 and $160 per coin, with a trading volume reaching approximately $56 million. Monero remains the leading privacy coin by market capitalization, currently valued at $2.88 billion.