- A freshly conducted survey implies that elderly people are now gaining interest in the field of the crypto-asset market with the realising the positive potential of cryptocurrencies
- On January 21, Wirex released an interesting report addressing the status of cryptocurrency adoption in 2021. The report was published in compilation with Stellar Development Foundation
- Wirex and SDF stated that age is no restriction when it comes to adopting blockchain technology
Wirex is a digital platform and administered institution that has established new rules in the space of digital payments worldwide. On the other hand, the Stellar Development Foundation is a non-profit institution that works to support the growth of the open-source Stellar network.
Special reports from Wirex and the Stellar Development Foundation
A new survey states that elderly people are now gaining interest in the field of the crypto-asset market. This interest has emerged with the realisation that cryptocurrencies promise a lot of potential. Moreover, blockchains are proving to be profitable in the global payment system.
On January 21, Wirex published a special report regarding the topic of cryptocurrency adoption in 2021. The report was assembled in partnership with Stellar Development Foundation. It includes survey results from 3,834 people across 89 countries. The survey aimed to understand the newest trends in the global acquisition of blockchain-charged digital payments.
The details of the survey results
The survey was executed over the course of three weeks. It was done through the combined efforts of both Wirex and the SDF. The institutions sent out emails requesting voluntary participation in a survey associated with the use of cross-border transactions.
Final responses involved 81% residents from Europe while 17% of them were from the Asia Pacific region.
According to the report, Wirex and SDF proclaimed that age is no restriction when it comes to adopting blockchain technology. This implied that there is an adequate appetite for the profits of blockchain across all age groups. This conclusion is based on the fact that almost 60% of the survey participants were of the age of 45 or older. And the majority of them were associated with blockchain-powered payments.
Thus, the consumers are probably interested in prioritising digital assets over traditional money transfer services. This holds in particular when they attempt to send amounts as high as around $1,000. The survey further ensured that the majority of the respondents felt safe accessing cryptocurrency.
Besides, various other firms have also observed a trend of older generations shifting towards Bitcoin.
It would be interesting to see how the institutional investors and firms respond to this survey along with the expected behavioral changes in the crypto-asset market.
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