Global payments giant Mastercard has conducted a survey of 15,569 consumers in 18 countries and found that 4 in 10 people plan to use cryptocurrency in the next year. Meanwhile, 93% of people will consider using at least one emerging payment method, such as cryptocurrency.
Mastercardâ€™s Crypto Survey
Mastercard published on Tuesday the results of a survey it conducted online survey of and interviews of 15,569 consumers in 18 countries in four regions worldwide between Feb. 26 and March 10. The research was conducted by The Harris Poll and Mastercard Global Foresights, Insights and Analytics.
The company explained that â€œThe Mastercard New Payments Index, conducted across 18 markets around the world, shows 93% of people will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year.â€ In addition, â€œNow, nearly 90% of in-person transactions globally take place at a contactless-enabled merchant.â€
Mastercard further detailed that â€œLooking to the future, digital currencies, biometrics, contactless and QR codes are trending as emerging payments technologies as peopleâ€™s comfort with them and understanding of them increases and the use of cash decreases.â€ It added that â€œIn fact, 71% of people say they expect to use cash less moving forward.â€
The Mastercard New Payments Index found that cryptocurrency are gaining ground with â€œMillennials Primed to Jump In.â€ Noting that â€œToday consumers can buy, sell, and trade cryptocurrency as a commodity or investment. Consumers are also increasingly showing interest in being able to spend crypto assets for everyday purchases,â€ Mastercard described:
The survey further finds that â€œMillennials globally and those in the Middle East and Africa are especially engaged in the cryptocurrency conversation, with more than half (67%) agreeing they are more open to using cryptocurrency than they were a year ago â€¦ In addition, 77% of Millennials are interested in learning more about cryptocurrency, while 75% agree they would use cryptocurrency if they understood it better.â€
Nonetheless, the company noted:
What do you think about Mastercardâ€™s crypto findings? Let us know in the comments section below.
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