Eduard Watson

8 months ago

Kaspersky Labs cybersecurity company reveals that about 10% of people have used Bitcoin and other cryptos to pay for online goods.

The number of merchants who are accepting Bitcoin seems to have grown in the past six years by 700% says Bitcoin directory service provider, Coinmap’s data.

Heading towards mass adoption

Cryptoglobe notes that although the digital assets have not yet achieved mainstream adoption, the global percentage of people who are using BTC and crypto has been steadily growing.

About 14% of the world’s population (from urban locations) are using crypto to pay for goods that they purchase online via e-commerce sites, says Kaspersky’s survey.

They gathered responses from 13,000 consumers in 22 different countries.

The results of this survey show that crypto is currently the least popular payment method as 81% of the people who responded at the poll said that they prefer using bank-issued debit and credit cards to buy items online.

Vitaly Mzokov, the business lead at Kaspersky, said that “Despite a fall in cryptocurrency prices, there is still a strong desire for digital transactions amongst consumers. Our consumer research has found a significant number of consumers are using cryptos for payment], which was surprising to see.”

More merchants introduce crypto as a payment option

Even if the whole crypt market was bearish in 2018 and it fell pretty hard towards the end of the year after the coins recorded their all-time highs back in 2017, it seems that a small percentage of people still prefer using crypto as payment.

On the other hand, more online merchants introduce crypto as a payment option.

Cryptoglobe notes that “Currently, there are 14,346 venues globally that take BTC as payment – which is considerably more than only 1,789 merchants that accepted bitcoin about six years back. Ryan Radloff, the CEO at CoinShares, a crypto treasury management firm, recently revealed (via Twitter) the dramatic increase in BTC acceptance rates in the past five years.”

It is said that this year we'll be witnessing crypto mass adoption and all the achievements in the crypto space so far seem to lead towards this goal.

Coins Mentioned

Justin Sun

Founder of TRON (TRX)

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
SportBet.io

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
Binance

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
Kraken

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Top Exchanges
Icon
Binance

4.93

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Icon
Binance

4.93

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Trending news

Advertise

Trending news

Top Exchanges
Icon
Binance

4.93

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Icon
Binance

4.93

Read Review - Website

Icon
Gemini

4.85

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
7bitcasino

4.20

Read Review - Website

Top Sportsbook
Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Icon
1xBit

4.0

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1372 Articles
7255 Followers