{"id":227790,"date":"2022-04-14T09:00:17","date_gmt":"2022-04-14T03:30:17","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=227790"},"modified":"2022-04-13T19:43:39","modified_gmt":"2022-04-13T14:13:39","slug":"demystifying-crypto-what-this-new-study-reveals-about-crypto-trends","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/demystifying-crypto-what-this-new-study-reveals-about-crypto-trends\/","title":{"rendered":"&#8216;Demystifying Crypto&#8217;- What this new study reveals about crypto trends"},"content":{"rendered":"<p>Cryptocurrency adoption across the globe has been growing rapidly. Looking at the impressive market of digital tokens, several countries have been working on the regulations front- China being an exception. The opinion of lawmakers in this regard is of prime importance. Even so, the perception of a country&#8217;s citizens matters too.<\/p>\n<p>Well, on that note, a\u00a0recent global <a href=\"https:\/\/www.checkout.com\/campaigns\/demystifying-crypto?utm_campaign=gl_crypto_report&amp;utm_medium=content&amp;utm_source=blog\">survey<\/a> was carried out by a global payments solution provider. Primarily, it surveyed, &#8220;a panel of 3,000 mostly platform-based online B2C marketplaces, fintech and e-commerce businesses across 10 countries.&#8221;<\/p>\n<p>In the report titled, \u201cDemystifying Crypto,&#8221; it was found that 45% of respondents believe cryptocurrencies should be used as a currency and not just an investment.<\/p>\n<p>Furthermore, the report suggested that around half of the respondents in the 18-35 age category are ready to adopt crypto for making payments for goods and services.<\/p>\n<blockquote><p>\u201cConsumers find utility and benefits in paying with cryptocurrencies, be they stablecoins or non-pegged crypto. Faster transactions and lower fees, particularly for cross-border purchases, provide significant benefits to consumers.\u201d<\/p><\/blockquote>\n<p>Notably, even on an institutional level, there is an emerging trend supporting the use of cryptocurrencies in the immediate future. Visa and PayPal are leading examples of payment methods that are accepting crypto-funded payments. In fact, around a quarter of online businesses are also planning to offer crypto as a payment method by 2024.<\/p>\n<h3>Not everything is sunshine here<\/h3>\n<p>Skeptics remain confused because of the heated debates surrounding the use of cryptocurrencies in illicit activities. In the survey, one of the interviewees said,<\/p>\n<blockquote><p>\u201cIt\u2019s hard to trust something if you keep hearing conflicting information all over social media.\u201d<\/p><\/blockquote>\n<p>Tech expert Benedict Evans tried to explain the trustlessness toward blockchain technology in a recent Economist podcast,<\/p>\n<blockquote><p>\u201cIf I stand by the side of the motorway, I stand there trusting that the cars will not hit me. If I stand on the side of the railway, I don\u2019t have to trust because I know the rails are there. The train cannot hit me.\u201d<\/p><\/blockquote>\n<p>While the use-cases of digital tokens are hailed by many, there are other various concerns regarding the use of cryptocurrencies in different countries. For example, around a quarter of respondents in Saudi Arabia and UAE claimed, \u201ccrypto is too complicated to become mainstream.\u201d<\/p>\n<p>In fact, over 40% of consumers in Hong Kong and Singapore admitted that crypto is too risky. It seems, there remains an education gap as well surrounding blockchain technology. This inference is proven by the following data.<\/p>\n<figure id=\"attachment_227805\" aria-describedby=\"caption-attachment-227805\" style=\"width: 424px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-13-at-3.54.40-PM.png\"><img decoding=\"async\" class=\"wp-image-227805 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-13-at-3.54.40-PM.png\" alt=\"\" width=\"424\" height=\"462\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-13-at-3.54.40-PM.png 424w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-13-at-3.54.40-PM-275x300.png 275w\" sizes=\"(max-width: 424px) 100vw, 424px\" \/><\/a><figcaption id=\"caption-attachment-227805\" class=\"wp-caption-text\">Source: Checkout.com<\/figcaption><\/figure>\n<p>The above-mentioned data indicates that around half of the population of the 18-35 age group is still unaware of blockchain basics. This is a particularly worrying sign that is further aggravated by the gender divide in crypto adoption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency adoption across the globe has been growing rapidly. Looking at the impressive market of digital tokens, several countries have been working on the regulations front- China being an exception. The opinion of lawmakers in this regard is of prime importance. Even so, the perception of a country&#8217;s citizens matters too. Well, on that note,<a href=\"https:\/\/ambcrypto.com\/demystifying-crypto-what-this-new-study-reveals-about-crypto-trends\/\">Continue reading <span class=\"sr-only\">&#8220;&#8216;Demystifying Crypto&#8217;- What this new study reveals about crypto trends&#8221;<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":227807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,3,4,20],"tags":[],"class_list":["post-227790","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>&#039;Demystifying Crypto&#039;- What this new study reveals about crypto trends - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Well, on that note, a\u00a0recent global survey was carried out by a global payments solution provider. 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