2 years ago
A caller study by the blockchain infrastructure institution Paxos shows that crypto owners spot cryptocurrency arsenic an concern and tendency mainstream fiscal work providers to connection products and services that enactment it.
Top 5 Reasons Respondents are Interested successful Crypto
According to the survey released connected March 7, 3 of the apical 5 astir desired usage cases for crypto impact mundane fiscal transactions, specified arsenic payments and remittances.
(Source: Paxos)The apical 5 reasons respondents said they are funny successful crypto are for remittances (34%), time trading (36%), recognition paper and/or loyalty rewards (38%), to wage for goods oregon services (42%), and arsenic a semipermanent concern (52%).
40% of respondents noted that they would beryllium motivated to put much successful crypto if much merchants accepted it arsenic payment.
The survey recovered that paper companies similar Visa and Mastercard besides person the imaginable to payment from crypto’s wide adoption, arsenic respondents expressed a keen involvement successful earning recognition paper oregon loyalty rewards successful crypto.
Confidence successful Crypto Remains High, Perhaps Too High
Even aft the organization and retail funds worthy billions were wiped retired overnight during the FTX and Alameda fallout, 89% of respondents successful the survey stated that they spot banks, crypto exchanges, and/or mobile outgo apps to clasp their crypto.
Interestingly, 27% of respondents purchased crypto for the archetypal clip successful the past year, indicating that contempt the 2022 crypto winter, involvement successful crypto remained beardown and caller users continued to participate the market. Moreover, 72% of respondents reported being lone somewhat oregon not astatine each disquieted astir the volatility of crypto markets implicit the past year, further highlighting this affirmative sentiment towards the crypto industry.
(Source: Paxos)Crypto Consumers Demand Banks to Join Crypto Ecosystem, Survey Finds
The latest survey shows that crypto owners privation their banks and different fiscal institutions to participate the crypto marketplace and enactment crypto purchases. The survey recovered that 75% of respondents are apt oregon precise apt to bargain crypto from their superior slope if it were offered, and 45% would put much successful crypto if banks and different fiscal institutions afloat embraced integer assets. The survey besides reveals that banks person a important accidental to conscionable the needs of existing customers and grow their offerings to enactment integer assets, fixed that 2 of the apical 3 platforms for buying crypto are non-crypto-focused fintech companies.
- Two of the 3 apical platforms crypto owners usage to acquisition crypto are non-crypto-focused fintech companies: PayPal (31%) and Robinhood (26%)
- Of survey respondents who purchased crypto successful the past year, 68% made purchases astatine slightest 1-2 times per month
A full of 5,000 participants were enlisted to instrumentality portion successful Paxos’s online survey from January 5, 2023, to January 6, 2023. The afloat findings are based connected unweighted aggregations of the survey responses and made disposable connected Paxos’s website.
The station Consumer assurance successful crypto remains precocious contempt fallout from FTX appeared archetypal connected CryptoSlate.
English (US) 