US Survey: Crypto Gaining Mainstream Traction As A Payment Option – Fintechs.fi
A new survey report reveals that cryptocurrency is gaining mainstream traction among consumers who want to use it for purchases. Out out over 8,000 consumers surveyed in United States, 93% of crypto users would make purchases with cryptocurrency in the future.
More and More People Want to Pay With Crypto
According to the recent “The Cryptocurrency Payments Playbook: Cryptocurrencies Gain Momentum As A Payment Option” report published by Pymnts and Bitpay, consumers are increasingly interested in using cryptocurrencies for payments.
The report details:
“The report analyzes a census-balanced survey of 8,008 U.S. consumers who were current and former cryptocurrency owners and cryptocurrency nonowners between Feb. 8 and Feb. 23, 2021.
Interest in cryptocurrency is gaining mainstream traction among consumers who would like to use it for purchases.”
According to the study results 93% of crypto users would consider making purchases with cryptocurrency in the future. And more interestingly, 59% of those who have never held crypto are interested in using it to make purchases in the future.
Two out of three of the users who have held cryptocurrencies purchased them to make transactions as an alternative payment method to cash or cards.
The report explains:
“Holders and non-holders are interested in cryptocurrency payments because of the possible enhanced privacy and security features over traditional credit card- or bank account-based payments.
Reasons for interest vary depending on the transactions. Its potential to eliminate middlemen can explain the interest in using cryptocurrency for real estate purchases, for example, while the possibility of more secure and private transactions motivates purchases in the financial services or e-commerce sectors.”
In addition, 59% of current or former crypto holders would be “very” or “extremely” interested in using cryptocurrency as a payment method if it meant they could obtain discounts.
Source: US Survey: Crypto Gaining Mainstream Traction As A Payment Option – Fintechs.fi
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
