{"id":314476,"date":"2021-08-03T15:39:10","date_gmt":"2021-08-03T12:39:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-study-reveals-high-demand-for-payments-in-cryptocurrency\/"},"modified":"2021-08-03T15:39:10","modified_gmt":"2021-08-03T12:39:10","slug":"new-study-reveals-high-demand-for-payments-in-cryptocurrency","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-study-reveals-high-demand-for-payments-in-cryptocurrency\/","title":{"rendered":"# New study reveals high demand for payments in cryptocurrency"},"content":{"rendered":"

“# New study reveals high demand for payments in cryptocurrency <\/strong>”<\/p>\n

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Payments in cryptocurrencies like Bitcoin (BTC) make up one of the biggest use case demands among consumers alongside long-term investment, according to new data.<\/p>\n

Pymnts, a major payments-focused publication, released<\/a> Monday a report on consumer preferences regarding cryptocurrency payments. Dubbed \u201cCryptocurrency Payments Playbook: Cryptocurrencies Gain Momentum As A Payment Option,\u201d the study analyzes a survey of over 8,000 consumers in the United States, including existing and former crypto holders, as well as crypto non-owners.<\/p>\n

Conducted in collaboration with crypto payment firm BitPay, the study found that crypto holders and non-owners are interested in crypto payments. As many as 93% of responding crypto users indicated that they would consider making purchases in crypto in the future, while 59% of consumers who have never held crypto are interested in using it to make purchases.<\/p>\n

More than 60% of crypto owners said that they were \u201cvery\u201d or \u201cextremely\u201d interested in using crypto as a payment method to make online purchases more private or secure, while 23% of non-owners showed interest in using crypto for these purposes. Moreover, 57% of crypto owners also indicated that they would be interested in making online purchases in crypto if such payment options were automatically available at the checkout. In comparison, nearly 21% of non-owners expressed the same interest.<\/p>\n

Source: Pymnts<\/em><\/figcaption><\/figure>\n

Related: <\/em><\/strong>Crypto ownership has nothing to do with distrust in fiat: BIS study<\/em><\/strong><\/p>\n

Despite both crypto owners and non-owners expressing significant interest in making payments in crypto, the level of crypto payment adoption is still low. The study noted that more than 50% of non-owners \u201cagree\u201d or \u201cstrongly agree\u201d that there are not enough merchants accepting crypto for payments. Another 30% indicated that using crypto as a form of payment would make them spend more than they would when using only traditional methods like credit cards.<\/p>\n

Crypto payments is not the sole major use case for cryptocurrencies like Bitcoin. On Tuesday, major global crypto exchange Coinbase released<\/a> a survey of over 2,000 British adults showing that 41% of respondents were willing to buy crypto as part of long-term investment strategy as their key motivation; and 51% of respondents said that they would be interested in taking out a loan by using crypto holdings.<\/p>\n