New Cryptocurrency Research from Skrill

Added: May 31, 2021

Paysafe’s daughter company Skrill has published a new survey about the popularity of digital currency.

The payment solution provider’s report states that 38% of survey participants answered that they invested in digital currencies or bought them. Furthermore, 84% of responders revealed that know about 1 or more cryptocurrencies, 64% of whom knew Bitcoin.

Skrill and Neteller’s Senior VP, Mr. Rossen Yordanov talked more about the survey results noting that

The unpredictable success of cryptocurrencies made it a mainstream phenomenon. The current survey also suggests that there are even more opportunities for expansion for digital currencies as a means of banking deals and payments. The goal of Skrill is to assist buyers to carry out cryptocurrency interactions.

10 percent of responses were aware of the other digital currencies like Stellar, Dash, and Ethereum Classic, though less than 5% of them owned them. The brand awareness of the remaining currencies was about 8%.

The opinion and knowledge about cryptocurrency usage were polarized – 47% of responses confessed that their knowledge of the subject is not enough to carry out transactions with digital currencies. More than 1/3 of responders have concerns about its instability and risks connected with cryptocurrencies. Nevertheless, 28% are optimistic about the prospects of cryptocurrencies as reliable investments.

Overall, it is obvious that awareness and trust towards cryptocurrencies are growing, and compared to the surveys from 2020.

cryptocurrency, Skrill