Mastercard survey: 40% of people want to pay with cryptocurrencies
The survey entitled “Consumer appetite for digital payments takes off” was published on Tuesday (4). For the survey, MasterCard interviewed more than 15,500 people from 18 different countries.
According to the study, the 40% of the people who plan to use cryptocurrencies refers to all ages surveyed, with respondents from North America, Latin America, the Middle East, Africa and Asia Pacific.
As the study revealed, millennials (21 to 39 years old) are the most open to the use of crypto. After all, 67% of respondents in this age group said they are prone to using digital currencies.
“The pandemic made us think differently, partly out of necessity,” said Craig Vosburg, Chief Product Officer at Mastercard. “To deliver the choice and flexibility that consumers need – and increasingly expect –retailers worldwide need to offer a range of payment solutions that are easy to access and always on. As we look ahead, we need to continue to enable all choices, both in-store and online, to shape the fabric of commerce and make the digital economy work for everyone.”
The company also stressed the importance of making all payment options available both physically and digitally. According to the company, this is a way to make the digital economy work for everyone.
Finally, the survey also revealed that 93% of respondents consider using emerging payment methods. Among these methods are: cryptocurrencies, biometrics, contactless payment or QR code.
Despite the high interest of consumers in cryptocurrencies such as Bitcoin, MasterCard stressed that it is necessary to work to ensure consumer choice, protection and regulatory compliance.
Anyway, MasterCard, as well as its competitor Visa, have already been investing in the sector.
In February, the company announced that it would support crypto payments for its 1 billion users. In all, they will be able to use cryptocurrencies in more than 30 million establishments.