According to a new report, cryptocurrency is gaining mainstream traction among consumers who want to use it for purchases. Of the more than 8,000 US consumers surveyed, 93% of crypto users will purchase with cryptocurrencies in the future.
An increasing number of people want to pay with cryptocurrencies
New one report good The title “The Cryptocurrency Payments Playbook: Cryptocurrencies Gain Momentum as a Payment Option” published by Pymnts and Bitpay shows that consumers are interested in using cryptocurrencies for payments.
“The report analyzes a census-balanced survey of 8,008 US consumers who were current and former cryptocurrency owners and cryptocurrency non-owners between February 8 and February 23, 2021.”
Interest in cryptocurrency is gaining mainstream traction among consumers who want to use it for purchases.
The study found that 93% of crypto users would consider purchasing with cryptocurrency in the future, while 59% of those who have never held crypto are interested in using it to make future purchases.
Furthermore, two-thirds of users who own cryptocurrencies bought them to transact with cash or cards as an alternative payment method.
“Holders and non-holders are interested in cryptocurrency payments because of the potential increased privacy and security features over traditional credit card- or bank account-based payments,” the report said.
The interest dues vary depending on the transaction. Its ability to eliminate middlemen may explain interest in using cryptocurrencies to purchase real estate, for example, while the potential for more secure and private transactions drives purchases in the financial services or e-commerce sectors. .
Furthermore, 59% of current or former crypto holders are “very” or “extremely” interested in using cryptocurrency as a payment method if it means they can receive a discount.
Would you use cryptocurrency to make purchases? Let us know in the comments section below.
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