The use of cryptocurrencies has actually grown considerably over the past year, as more people drop the Bitcoin rabbit hole. According to a study by payment processor PaySafe, a lot of cryptocurrency enthusiasts want to put their cash where their mouth is and get paid in cryptocurrencies, ditching fiat once and for all.
The report “Inside the crypto community: Plotting the journey to mass adoption” was released on January 11, 2022, revealing the most essential trends amongst cryptocurrency users in the US and UK. The outcomes are encouraging for those who are confident in a positive advancement of the cryptocurrency industry and the adoption of these technologies on a global scale.
Cryptocurrencies are the future, simply not today
The research study covered a wide variety of subjects, from the demographics and interests of crypto community members to their motivations and knowledge of the tech and the whole ecosystem. The survey was commissioned in October 2021 and was conducted by the independent research home Sapio Research. The actions were gathered through email exclusively from people who held cryptocurrencies at the time of the research
54% of respondents believe that cryptocurrencies are the future of finance and will eventually dominate the payments market worldwide. Some 60% considered that by this year (remembering that the survey was conducted at the end of 2021), cryptocurrencies will have a substantial presence in the e-commerce sector. However, less than half of them believe physical stores will adopt cryptocurrency payment methods.