Half of crypto owners want their wages in crypto

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New research reveals that 55% of crypto owners – rising to 60% of 18-24 year olds – would prefer to receive their salary in cryptocurrency.

Research from Paysafe, a specialist payments platform, “Inside the crypto community: Plotting the journey to mass adoption” interviewed a sample of 2,000 crypto owners living in the United States and the United Kingdom, including their attitudes towards the future of decentralized finance.

Over half (54%) of cryptocurrency owners agree that cryptocurrency is the future of finance and will become the dominant form of international currency. It was also the main motivation for owning crypto in the first place, before making money by trading or investing. However, research suggests that this finding came from close examination – and that crypto owners have had concerns along the way. In fact, 70% of people admitted to having doubts about investing in crypto at some point since they started trading, with almost half (49%) of all crypto owners having cashed in. some or all of their cryptocurrency assets at any given time as a profit.

According to crypto owners, payments hold the key to massive crypto adoption. The main reason for not wanting to get paid in cryptocurrency is that it cannot be used to make payments widely enough at the moment (24%). Additionally, 22% of all crypto owners said they would invest more in crypto if more retailers accepted it as a payment method, and 17% said the same if more countries accepted cryptocurrency. as legal tender. Overall, 59% of those surveyed agree that the lack of actual applications for cryptocurrencies, such as payments, is currently preventing crypto from reaching its full potential.

Despite some of these potential hurdles, crypto owners are optimistic about the timing of widespread adoption. More than half (60%) agree that you will be able to use crypto to make purchases online, while 47% agree that acceptance of cryptocurrencies in physical stores will become mainstream over the next 12 months. Finally, almost half of crypto owners (49%) believe that everyone will own a cryptocurrency within the next five years.

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