Nearly 40 percent of young consumers plan to pay using crypto within the next year: report – ArabianBusiness

Nearly 40 percent of young consumers plan to pay using crypto within the next year: report – ArabianBusiness

Crypto is rapidly gaining in appeal among younger demographics with 40 percent of 18-35-year-old consumers globally wanting and planning to use cryptocurrencies to pay for goods or services within the next year, according to the latest findings of global payments provider Checkout.com.

In its Demystifying Crypto: Shedding light on the adoption of digital currencies for payments in 2022 report, Checkout.com highlighted the increasingly positive trends in the adoption of and appetite for using digital currencies for e-commerce.

The study noted that the rise in interest from consumers marks a substantial shift in attitude towards digital currencies being seen as solely an investment vehicle to a means of doing business on a regular basis.