PYMNTS and BitPay Revealed in a study Many American consumers are happy to use cryptocurrency to pay for fees, especially if doing so will make the transaction more private, but they don’t know how to obtain cryptocurrency from the start. It is worth noting that BitPay is committed to cryptocurrency payments, but PYMNTS should provide fair analysis.Perhaps confused respondents should refer to our guide How to mine Ethereum, After purchasing one of them The best mining GPU? See, we can be equally “just”, but we digress.
company Say In their “Cryptocurrency Payment Handbook: Cryptocurrency Gaining Momentum as a Payment Option”, 75% of respondents said that they did not own cryptocurrency due to a “lack of knowledge.” There are other reasons, such as the lack of mainstream acceptance (33.3%) and the volatility of the crypto market (25.2%), but this inability to even start is by far the biggest obstacle.
The study also shows that many cryptocurrency owners hold their coins because they see it as an investment rather than a way to buy goods.Considering that this method makes sense Limited support Used for crypto payments, especially among the most popular merchants, and the potential benefits of selling cryptocurrencies When its value reaches its peak Instead of using it as a substitute for traditional currencies.
But according to this research, if certain conditions are met, cryptocurrency owners are willing to change the way they manage cryptocurrencies, and even some respondents who currently do not own any cryptocurrencies will be interested. The most popular condition: Enjoy the same benefits as card-based payments by getting discounts from certain retailers or receiving rewards from loyalty programs.
PYMNTS and BitPay stated that under these conditions, 58.7% of cryptocurrency owners will start using their coins to make purchases, while 22.8% of non-owners will convert in exchange for discounts, and 21.7% will do so in exchange for loyalty plan. According to this research, others want to spend their cryptocurrency to make transactions more convenient, safe and private.
The survey results show that many consumers are ready to use cryptocurrency to make purchases.Merchants are beginning to accept cryptocurrency as payment for daily necessities – not electric car and Luxury-It may also help ordinary consumers figure out how to start using cryptocurrency. Otherwise, it seems that cryptocurrency will still be an investment tool.
PYMNTS and BitPay stated that their findings are based on “1,376 current cryptocurrency holders, 443 former cryptocurrency holders, and 6,189 cryptocurrency non-holders” collected in the United States from February 8 to 23. ( Responses from “3,072 of them”) were considered in the analysis.