The use of cryptocurrencies has increased significantly over the past year. According to a study by payment processor PaySafe, most cryptocurrency users are willing to receive their salary in cryptocurrency.
60% of cryptocurrency users believe the tokens will gain wide acceptance in e-commerce. 54% think they will surpass the financial system.
On January 11, 2022, the report “Inside the crypto community: Planning the journey of mass adoption” was released, revealing the most important trends among cryptocurrency users in the US and UK.
The results showed that the cryptocurrency industry is in a positive evolution and that these technologies are starting to be adopted on a global scale.
The survey was conducted by the independent research house Sapio Research. Responses were collected via email only from people who owned the cryptocurrency at the time of the research.
54% of respondents believe cryptocurrencies are the future of finance and will eventually dominate the payments market globally. About 60% think cryptocurrencies will have a significant presence in the e-commerce industry. But less than half of them believe that physical stores will adopt crypto payment methods.
70% of those surveyed said they had at least once in their life hesitated to invest in cryptocurrencies.
Preferences Change According to Age and Gender
55% of those surveyed said they would like to receive their salary in cryptocurrencies. It has been reported that 60% of Millennials and Generation Z, i.e. 18 to 24 year olds, will be happy to receive their salary in cryptocurrency. When the age rises to 23-34, the preference drops to 58%, while this rate drops to 57% between the ages of 35-44.
16% of respondents said they no longer trust traditional banks.
Also, the study found that men are more enthusiastic about investing in cryptocurrencies. 71% of respondents said they trade daily, 68% say they trade once a day, and 58% go to their stock markets several times a week.
In contrast, women prefer to trade more cautious, longer positions. For example, 29% trade daily and 61% trade once a year.