A recent survey has found that the majority of cryptocurrency owners rarely use it for making payments. One somewhat unexpected reason postulated for this is that some people are still nervous about making cryptocurrency transactions.
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Only 30% Use Crypto as Currency
The Foundation for Interwallet Operability (FIO), a consortium of crypto wallets, exchanges, and payment processors, has conducted a survey of over 200 cryptocurrency owners. They were asked multiple questions about their experiences in transacting, shedding light on the issues that are holding back wider usage.
The findings show that during 2018, only 30% of users sent any coins to a third party or alternative account at least once a month. 43% of respondents sent coins to another party or made a purchase with crypto only a few times during the entire year, and 27% didn’t even do so once. This means that 70% of crypto holders either never or rarely use cryptocurrency…