Skrill, a global payment service provider, made public the results of a poll of consumers in Europe and North America to unearth some startling facts about the growing acceptability of cryptocurrencies among the general public.
According to Google Trends, worldwide searches for Bitcoin are once again on the rise. These search volumes are a reflection of the expanding worldwide conversation about digital assets.
Skrill’s online survey included 8,111 people from the United States, the United Kingdom, Germany, Canada, Italy, Bulgaria, and Austria. Participants were invited to answer the questionnaire by email and were divided by age and gender.
Skrill Finds that Cryptos Are Very Popular
The survey’s findings revealed cryptocurrency’s growing popularity and acceptability.
According to the analysis,Bulgaria and the United States have the greatest percentages of Bitcoin owners, with 36% and 24%, respectively, followed by 20% of Canadian consumers and the remaining European nations.
Other cryptocurrencies, besides Bitcoin, are seeing a surge in popularity. Bitcoin Cash, Ethereum, and Litecoin are owned by 9%, 8%, and 7% of the total respondents, respectively.
According to the study, 31% of respondents are familiar with Bitcoin Cash, 22% with Ethereum, 19% with Litecoin, and only 10% with Dash, Stellar, and Ethereum Classic.
People Still See Danger in Cryptos
When respondents were asked about using cryptocurrency as a financial asset, the survey finds that 47% lack sufficient understanding, 38% consider crypto investments to be dangerous, and 28% believe that investing in bitcoin is a good way to guarantee their future wealth.
Over 29% of participants said they learnt more about cryptocurrencies this year, and 26% said they are more willing to invest in cryptocurrencies now than they were a year ago.
This development demonstrates that the general awareness of cryptocurrencies among consumers has improved. However, poll respondents had wildly divergent views on what makes cryptocurrency helpful.
While 27% said it was the future of payments, 26% thought it was the future of banking, and 26% thought it was a good store of value. However, only 17% of those polled stated that they use cryptocurrency for purposes other than investing.
The overall conclusion, the paper emphasizes the growing use of digital currencies in everyday life.