Poll Suggests Young Romanians Want to Pay with Crypto

More than half of Romanians living in cities know about cryptos, and 60 percent of people under 40 believe they are the future of payments. Half of young people want to pay with digital coins, according to a new poll. The survey shows growing awareness of cryptocurrencies in the country. Many of its citizens want to take advantage of the opportunities they present.

Also read: More Belarusians Search “Crypto”, Question “Legalization”

17 Percent of Romanians Plan to Buy Cryptocurrency Soon

According to the poll, 57 percent of Romanians in urban areas have heard of cryptos. Almost a third of them believe that they are the currencies of the future. 17 percent of the respondents admit they are planning to acquire digital coins within a year. Another 8 percent say they have already bought cryptocurrencies in the past 12 months.

“The fast development of the digital environment is pushing the limits in almost every field. It is not surprising that a payment instrument, which doesn’t know geographical borders, is becoming increasingly popular”, said Traian Nastase, managing partner of Isense Solutions – the company that conducted the study. The poll confirms that Romanians have started to become familiar with the term cryptocurrency. They want to keep up with the trends and take advantage of the opportunities generated by new technologies, he added.

Nastase also noted that cryptocurrencies remain a sensitive topic, as there is a very low degree of regulation in the market. “That is why any communication in that direction should be based on significant efforts to correctly educate and inform consumers”, the Isense representative said, quoted by local media.

More than a Third of the Respondents Have Trust in Cryptos

The survey shows many of those who are familiar with cryptocurrencies want to use them as means of payment – 44 percent. At the same time, 35 percent say they have trust in them. The poll was conducted among 500 internet users from urban areas, aged 18 – 65, who participated in the Research Romania panel.

Young Romanians are more enthusiastic about cryptocurrencies. A total of 61 percent of the respondents under the age of 40 believe that digital coins represent the future of payments. 44 percent have trust in cryptocurrencies and half of them want to be able to pay with crypto. 22% say they intend to purchase at least one coin in the next 12 months.

The study also measures the popularity of different cryptocurrencies among Romanians. More than half of people living in the cities have heard about bitcoin, and 19 percent know about bitcoin cash. Ethereum (11 percent), Litecoin (10 percent), and Ethereum Classic (7 percent) complete the top 5.

Romania, like other countries in Southeast Europe, is a tech-savvy nation and the willingness of its citizens to embrace cryptocurrencies is no surprise. The country offers some opportunities for crypto-related businesses. With electricity rates of less than $0.14 per kWh, it welcomes miners relocating from places with toughening regulations and increasing expenses. Recently, a Canadian-based company announced an investment to build a wind-powered crypto mining facility in Eastern Romania.

Do you think countries like Romania have will quickly adopt cryptocurrencies and implement related technologies? Share your thoughts in the comments section below.

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