Altcoin News: Survey Shows What Europeans Think About Crypto

September 19, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

According to the international ING survey on new technologies, 82 percent of European respondents knew a bit about cryptocurrencies.

The seventh international ING survey on new technologies shows that 82 percent of European respondents know at least a little bit about cryptocurrency. Opinions differ among respondents, with 41 percent of respondents setting high expectations, while 23 percent had low expectations.

32 percent of participants agree that crypto is the future of online business. A quarter (27 percent) are open to new cryptocurrencies from brands and institutions they know well while agreeing that banks should offer their checking accounts in crypto.

Consumers’ knowledge of digital currencies leaves much to be desired, while cash remains the deciding factor. The future of the cryptocurrency is still viewed positively by many people and many are curious about its potential applications.

Most people now know a lot about cryptocurrencies, but many of the details are still unclear. In fact, we do not want to understand the details of how cryptocurrencies work or what they are. There are already some who are quite positive about the future use of cryptocurrencies.

As long as the change is in circulation, we will hardly be able to decide between cash and crypto at the cash register in the foreseeable future. In most businesses, there is no acceptance of cryptocurrency, except when you are in a “crypto country”, such as the Netherlands or a place like Japan.

In light of the imminent launch of Facebook’s digital currency Libra and the announcement of the government’s cryptocurrency by the Chinese central bank, it suggests that the development of digital currencies may progress towards the mainstream.

Author: Marko Vidrih