A survey found that consumers prefer to pay for goods and services using bitcoin. Two-thirds of those polled said they bought tokens for transactions.
Bitcoin service provider PYMNTS and BitPay surveyed over 8,000 Americans about daily cryptocurrency purchases.
60% of respondents said they would love to buy everyday items and services with Bitcoin or other digital assets. Surprise: 75% of cryptocurrency owners bought coins to use in transactions.
A similar survey was conducted last year, and 32% of respondents said that they purchased digital assets to prevent missing out. This is compared to 53% who responded this year. 59% of non-owners intend to buy some and then use them for future purchases. Because cryptocurrency transactions are more secure and private than traditional credit card transactions.
Moreover, a MasterCard study found that the COVID-19 epidemic has increased cryptocurrency use . In the next 12 months, 40% of respondents said they would pay with digital assets. These ideas were well received by the younger generations.
Young people around the world, particularly in Africa and the Middle East, are very interested in cryptocurrency. More than half of respondents say they are more open to using cryptocurrency than they were last year.
Besides this, 77% of youngsters want to learn more about virtual currency, and 75% say they would use it if they had a better understanding.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.