A survey by credit card giant Mastercard shows that four out of ten people plan to use cryptocurrency for payments over the next year.
The poll, published on May 4, entitled “Consumer Appetite for Digital Payments Begins,” surveyed more than 15,500 people in 18 countries.
He showed that for thousands of years there has been a particular commitment to cryptocurrencies, with over two-thirds, or 67%, agreeing that they are more open to cryptocurrencies than they were a year ago. In addition, it reports that 77% of millennials are interested in learning more about cryptocurrencies, and 75% agree that they will use digital assets if they understand it better.
The U.S. Census Bureau classifies millennials as people born between 1982 and 2000, which means their age range in 2021 will be 21 to 39 years old.
The move to expand access to cryptocurrencies has already begun – in mid-February, Mastercard announced that it would subsidize digital asset payments for its 1 billion users, who will spend with over 30 million merchants.
The 40% figure for total cryptocurrency usage applies to all ages surveyed, with respondents from North America, Latin America, the Middle East, Africa, and Asia-Pacific.
Mastercard said that while consumer interest in “floating cryptocurrencies” like Bitcoin is high, action is still needed to ensure consumer choice, protection and regulatory compliance.
The pandemic has changed people’s attitudes towards digital payments, the report said, adding that the results show that 93% of the population will consider using at least one new payment method such as cryptocurrency, biometrics, contactless or Quick Response token. , Next year.
Craig Fosburg, Chief Product Officer of MasterCard, said that in the future, the company should activate all payment methods, including cryptocurrencies:
“Looking ahead, we must continue to harness every opportunity, whether in store or online, to shape the product and make the digital economy work for everyone.”
On May 3, Cointelegraph reported that the payments giant has launched an acceleration program for fintech startups, including blockchain-based payment companies.