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Four in 10 plan to use digital currency for payments within year – Mastercard | Four in 10 plan to use digital currency for payments within year – Mastercard |
(about 1 month later) | |
The latest survey carried out by credit card giant Mastercard has revealed that nearly 40% of those polled are planning to use cryptocurrencies for payments within the next year. | The latest survey carried out by credit card giant Mastercard has revealed that nearly 40% of those polled are planning to use cryptocurrencies for payments within the next year. |
According to a survey titled ‘Consumer Appetite for Digital Payments Takes Off’, 67% stated that they are more open to using cryptocurrency than they were a year ago. | According to a survey titled ‘Consumer Appetite for Digital Payments Takes Off’, 67% stated that they are more open to using cryptocurrency than they were a year ago. |
When it comes to millennials, 77% are interested in learning more about digital currencies, with 75% saying they would use crypto if they understood them better. | When it comes to millennials, 77% are interested in learning more about digital currencies, with 75% saying they would use crypto if they understood them better. |
“While consumer interest in cryptocurrency – especially floating digital currencies such as bitcoin – is high, work is still required to ensure consumer choice, protection, and their regulatory compliance,” the study reads. | “While consumer interest in cryptocurrency – especially floating digital currencies such as bitcoin – is high, work is still required to ensure consumer choice, protection, and their regulatory compliance,” the study reads. |
The company reported that 93% of the respondents would consider using at least one emerging payment method, including cryptocurrency, biometrics, contactless or QR codes. | The company reported that 93% of the respondents would consider using at least one emerging payment method, including cryptocurrency, biometrics, contactless or QR codes. |
The poll covered more than 15,500 respondents across 18 countries in North America, Latin America, the Middle East, Africa, and Asia Pacific. | The poll covered more than 15,500 respondents across 18 countries in North America, Latin America, the Middle East, Africa, and Asia Pacific. |
“As we look ahead, we need to continue to enable all choices, both in-store and online, to shape the fabric of commerce and make the digital economy work for everyone,” said chief product officer at Mastercard, Craig Vosburg. | “As we look ahead, we need to continue to enable all choices, both in-store and online, to shape the fabric of commerce and make the digital economy work for everyone,” said chief product officer at Mastercard, Craig Vosburg. |
In February, the credit card major announced plans allowing clients to make payments in certain cryptocurrencies on its network as early as this year. | In February, the credit card major announced plans allowing clients to make payments in certain cryptocurrencies on its network as early as this year. |
For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |