Nearly 45% of Global Consumers Will Use Crypto for Payments by 2023

A new study conducted by an information technology company indicates that Crypto payment adoption is set to skyrocket in the next two years.

research institute Capgemini It surveyed customers and industry stakeholders around the world to provide an analysis of the world’s current approach to payments. It has compiled statistics from the Bank of International Settlements, European Central Bank, International Monetary Fund, World Bank and other central banks.

Capgemini noted that Less than 10% of consumers worldwide currently use cryptocurrencies for payment. However, the research institute estimates that almost 45% of customers will use this emerging payment method within the next 1-2 years due to the demand for cryptocurrencies. increased international payments In addition to concerns about high transaction fees.

Capgemini also said that crypto credit cards will lead in terms of adoption.

“Market volatility Cryptocurrency However, Crypto-linked cards are leading the way in the payments space. This is powered by a global card provider initiative. to create a payment ecosystem with Complete Crypto”

However, the study still thinks that the trend of Both cryptocurrencies and stablecoins are “unclear,” citing mixed reactions to government crypto assets around the world, with Capgemini saying Russia, India, and the United Arab Emirates. It sees the potential for adoption and regulation of crypto assets and stablecoins at the same time. The results of the study indicate that other countries such as China and Egypt have banned crypto assets due to the increased risk of illegal transactions.

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