Blockchain

40% plan to pay in cryptocurrency next year From Mastercard

The following is the 40% plan to pay in cryptocurrency next year From Mastercard recommended by recordtrend.com. And this article belongs to the classification: Blockchain.

According to a survey by credit card giant MasterCard, 40% of people plan to use cryptocurrency to pay next year, foreign media reported. The survey, entitled “consumer appeal for digital payments takes off”, interviewed more than 15500 people in 18 countries.

The survey shows that millennials (the U.S. Census Bureau classifies millennials as people born between 1982 and 2000) are particularly keen on cryptocurrency. 77% of millennials are interested in learning more about cryptocurrency, while 75% believe that if they can better understand digital assets, they will use cryptocurrency.

40% of respondents who plan to use cryptocurrency next year cover all age groups, including North America, Latin America, the Middle East, Africa and the Asia Pacific region.

Novel coronavirus pneumonia has changed the way people view digital payments. The survey shows that 93% of the people will consider using at least one new payment method next year, such as encryption, biometric technology, contactless payment or two-dimensional code.

And the scope of cryptocurrency is also expanding. In mid February, MasterCard announced that it would support nearly 1 billion users to use digital asset payment in more than 30 million merchants. However, it said that while consumers were interested in “volatile cryptocurrencies” such as bitcoin, efforts still needed to be made to ensure consumers’ payment choices and regulatory compliance, as well as to protect consumers.

Craig vosburg, chief product officer of MasterCard, said the company needs to support all payment methods in the future, including cryptocurrency.

More reading from techweb: McAfee: cryptocurrency malware growth of 4000% in 2018 juniper research: cryptocurrency is on the verge of collapse Cryptocurrency bear market may have come to an end and is expected to rebound from the bottom FCA: young investors buy cryptocurrency mainly to “stimulate” swift cross-border payment system upgrade says it is impossible to be replaced by blockchain JPMorgan: 22% of institutional investors believe that the company will buy cryptocurrency in the future. In January 2018, the market value of bitcoin evaporated by US $44 billion. In 2020, the proportion of criminal activities in cryptocurrency transactions dropped sharply. In 2019, cryptocurrency hackers lost more than US $283 million. Coinmarketcap: the market value of global cryptocurrency lost US $21.5 billion a day

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