Information from a document released by Mastercard suggests that a significant number of people would be using Bitcoin or other cryptocurrencies for payments in 2022. This was reported on an official Mastercard channel.
In the post they stated: The Mastercard New Payments Index, which is conducted in 18 markets around the world, shows that 93% of people will consider at least one emerging payment method such as cryptocurrencies, biometrics, contactless technology or the QR code in the US use next year?
Then they added: Almost two-thirds of respondents (63%) agree that they tried a new payment method that they would not have tried under normal circumstances, but the pandemic has led people to try new flexible payment options to get what they want want to have it when you want it. With that interest and consumer demand, so does the expectation that businesses will offer multiple ways to buy and pay. In fact, more than half of consumers say they avoid businesses that don’t accept electronic payments of any kind.
One of the things that stood out is that Cryptocurrencies are gaining ground, and millennials are on the verge of breaking into this ecosystem.
Today, consumers can buy, sell, and trade cryptocurrencies as a commodity or investment. Consumers are also showing an increasing interest in being able to spend cryptocurrencies on everyday purchases. As global interest in cryptocurrencies grows as a payment method, 4 in 10 people (40%) in North America, Latin America and the Caribbean, the Middle East and Europe, Africa and Asia Pacific report using cryptocurrencies in the next year ? You detailed.
They also specified: Millennials around the world as well as in the Middle East and Africa are particularly involved in cryptocurrency conversations. More than half (67%) agree that they are more open to using cryptocurrencies than they were a year ago. Additionally, 77% of Millennials are interested in learning more about cryptocurrencies, while 75% agree that if they understood them better, they would use them.
On the flip side, they noted that while consumer interest in cryptocurrencies – especially floating digital currencies like Bitcoin – is high, there is still a need to ensure consumer choice, protection and compliance.
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