Global payments giant Mastercard conducted a survey of 15,569 consumers in 18 countries and found that 4 in 10 people plan to use cryptocurrency in the next year. In the meantime, 93% of people will consider using at least one new payment method like cryptocurrency.
Mastercard crypto survey
Mastercard released the results of an online survey of 15,569 consumers in 18 countries in four regions worldwide between February 26 and March 10 on Tuesday. The study was conducted by The Harris Poll and Mastercard Global Foresights, Insights and Analytics.
The company stated: “The Mastercard New Payments Index, which is conducted in 18 markets worldwide, shows that 93% of people will consider at least one new payment method such as cryptocurrency, biometrics, contactless or QR code in the next year. “In addition,” almost 90% of personal transactions worldwide take place with a contactless retailer. “
Mastercard went on to describe that “digital currencies, biometrics, contactless codes and QR codes are trending as emerging payment technologies as people’s convenience and understanding of them increase and the use of cash decreases.” It added that “71% of people say they expect to use less cash in the future.”
The Mastercard New Payments Index also found that the cryptocurrency is gaining in importance with “Millennials Primed to Jump In”. Mastercard stated that “consumers can buy, sell and trade cryptocurrency as a commodity or investment” and “are showing increasing interest in being able to spend crypto assets for everyday purchases,” Mastercard described:
As global interest in cryptocurrencies as a payment method continues to grow, 4 in 10 people (40%) in North America, Latin America and the Caribbean, the Middle East and Africa, and the Asia-Pacific region plan to use cryptocurrency in the next year.
The survey also notes that “Millennials around the world, as well as in the Middle East and Africa, are particularly involved in cryptocurrency conversations. More than half (67%) agree they are more open to using cryptocurrency than they were a year ago. 77% of Millennials are interested in learning more about cryptocurrency, while 75% agree that if they understood better, they would use cryptocurrency. “
Still, the company found:
While consumer interest in cryptocurrency – especially floating digital currencies like Bitcoin – is high, much work remains to be done to ensure consumer choice, protection, and regulatory compliance.
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