According to a survey by #Mastercard, 40 percent of respondents are considering using cryptocurrency in the next four years.
A #survey by #credit #card giant Mastercard revealed that four out of ten people are planning to use cryptocurrency for payments next year.
🔥"Consumer Desire of Digital Payments Begins"
According to the statements made, more than 15,500 people from 18 countries participated in the survey titled “Consumer Desire for Digital Payments Begins” published on May 4th.
The survey revealed that #GenerationY is particularly dealing with cryptocurrencies, with more than two-thirds (67%) admitting that they are more open to using cryptocurrencies than a year ago. It was also announced that 77% of millennials were interested in learning more about cryptocurrency, and 75% agreed that they would use digital assets if they understood better.
Generation Y, on the other hand, is classified as people born between 1982-2000. Therefore, Generation Y includes people between the ages of 21-39. Also, according to a survey of respondents from North America, Latin America, the Middle East, Africa and Asia Pacific, 40% of all respondents say they will be able to use cryptocurrencies in the coming years.
In addition, Mastercard has long been providing customers with access to cryptocurrencies. For example; In mid-February, Mastercard announced that it will support digital asset payments for almost one billion users to use in more than 30 million businesses.
While consumer interest in "volatile cryptocurrencies" such as Bitcoin is high , Mastercard noted that work still needs to be done to ensure consumer choice, protection and regulatory compliance.
🔥Pandemic Changed Everything🔥
The pandemic has changed the way people think about digital payments, and 93% of respondents are considering using at least one new payment method, such as cryptocurrency , biometrics, contactless payment or a QR code, according to the survey .
Craig Vosburg, Chief Product Officer for MasterCard, stated that the company should go ahead and enable all payment methods, including cryptocurrencies, “Looking ahead, we have all options, both in-store and online, to shape the fabric of commerce and make the digital economy work for everyone. we need to continue enabling.