Altcoins News

Story: Insufficient Knowledge about Cryptocurrency Hinders Adoption

By Dan Saada

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A recent survey revealed that most of the Russians are already using digital coins to make online purchases and that others are as well willing to try this payment option.

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Several Russians prefer this method of payment in priority to other types of cashless payment methods.

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On the eve of the Christmas Holidays, a poll was conducted in a group of 924 residents out of which it was seen that nearly 13% of Russians make use of cryptocurrencies to pay…

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The research revealed that there are 18% of respondents who will be making use of peer-to-peer mobile payment systems.

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There were a total of 48% of them who had a mobile bank account and 56% of them preferred an alternative nonbanking payment system.

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Several of the respondents confirmed that they paid using debit and credit cards or by making use of direct bank transfers.

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Cryptocurrencies provide for an alternative approach when it comes to securing financial assets because they eliminate third party intermediaries in the process and therefore…

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About 5 participants in a different survey stated that they are willing to make use of cryptocurrency payments, regardless of never having owned digital coins before.

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Most of the reports identify insufficient knowledge and confusion regarding cryptocurrencies as the major obstacle to widespread adoption.

The Currency Analytics

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