Stellar and Wirexapp Debunks Myths about Cryptocurrency Adoption

Cryptocurrency adoption is going mainstream and the Stellar survey in partnership with Wirexapp has already debunked the myths associated with adoption.

Stellar:  Myth #1: Crypto is not the norm.  Fact: Nearly half of those surveyed said that they owned crypto.

We also found that 74% of those surveyed see crypto as a viable alternative to traditional dollars.

“Audience perspective:  Crypto’s outlook.  – I view cryptocurrencies as a viable alternative to traditional money transfer services.

74% of the Wirex and SDF databases and 52% of the general population indicated they strongly somewhat agree with the former statement, demonstrating significant inroads in this line of thinking.”

Myth #2: Crypto is used by millennial men only. Fact: Crypto is being used by everyone, everywhere.

“Myth: Only millennial males use crypto.  Truth:  Crypto has grown up – women and older adults use it more and more.”

The evidence is here both men and women, as well as those who belong to older demographics, also own crypto.

“48% of men vs. 32% of women from the general population have owned crypto, while 85% of men and 79% of women have heard of cryptocurrency.”

And of our respondents from Mexico, 71% agree that crypto is a viable alternative to traditional money transfer services.

“Of the Mexican population, those aged 65 and over on average send the most money abroad each time (MEP 4,714.66), while Mexican crypto users of the same age are most likely to have sent cryptocurrency to someone on another country.”

Summary of General Community Opinion:  Some of them believe that cryptocurrency is investment and others consider it to be gambling.  There are those who say every kind of investment is gambling.

Only 4 out of 100 people understand cryptocurrency.

“When I started investing in crypto I lost 99% of my money – Made it back like 7 years later though, so it’s all good.”

On the way to success it is always lonely – some friends don’t want to talk about crypto at all and some choose to leave when you talk a lot about crypto. There are friends who are interested in investing in crypto with utility.

When you make big life changes and start really going after what you want, you end up doing it alone! But it’s all worth it in the end.  Invest in cryptocurrency because it is the future.

When you strike it rich, those 99% of friends who left will be back in a flash and you will gain an additional 30% of friends you never knew or even wanted.  Just keep investing in crypto.