The dimension of crypto adoption among the Americans is hitting up differently on a daily basis.
A research conducted by Piplsay shows that 46% of Americans plan to buy crypto while currently 33% have one crypto or the other.
This is an indication of mass crypto adoption and it is not limited to Americans alone but to all parts of the world.
Based on the survey which was carried out with 5,061 respondents, shows that only a fraction of about 11% are willing to sell.
If they are not selling, then what are they going to do with it?
More than 50% of the respondents are of the opinion that they are most likely to pay for products and services using cryptocurrency.
42% believed that cryptocurrency will replace currency, 33% believed that cryptocurrency is a store of value while 25% believe that it will replace commodities.
General overview of the survey
Based on the result of the survey, it is evident that local currencies and the traditional system of finance is losing its stand against cryptocurrency.
Cryptocurrency in real sense is achieving the main reason why it was created.
Why was the blockchain created?
The blockchain was created as a solution to the centralized financial system by creating a decentralized system of finance.
Blockchain is not limited to finance, it encompasses all sectors of human being.
The finance sector is the most advanced sector on the blockchain and it has witnessed a lot of development.
Part of the development witnessed by the finance sector is the use of cryptocurrency as a medium of exchange.
Not only that, cryptocurrency is now perceived as a store of value and a hedge against inflation which is inevitable with fiat.
Cryptocurrency on another perception can be perceived as a commodity which can be traded.
Taking into consideration the above functions of cryptocurrency which is achieved through decentralization, are you part of the system yet?
- Do you own any cryptocurrency?
- Do you plan to buy?
Join kurepay now and be part of the future!!!