May 13, 2021

40% intend to use crypto for payments in the next year: Mastercard survey


A survey by credit card giant Mastercard has revealed that four in ten people plan to use cryptocurrency for payments within the next year.

The survey, published on May 4 and titled ‘Consumer Appetite for Digital Payments Takes Off’, polled more than 15,500 people across 18 countries.

It revealed that millennials are especially engaged in cryptocurrencies, with over two-thirds, or 67%, agreeing they are more open to using cryptocurrency than they were a year ago. Additionally, it reported that 77% of millennials are interested in learning more about cryptocurrency, while 75% agree they would use digital assets if they understood them better.

Millennials are classified by the U.S. Census Bureau as people born between 1982 and 2000 which means that their age range in 2021 is between 21 and 39 years old.

The move to expand access to cryptocurrencies has already begun — in mid-February Mastercard announced that it would support digital asset payments for its almost one billion users…

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