Study: 45% consumers will switch to payments in cryptocurrency to 2023 year – Bits Media

According to Capgemini, The introduction of cryptocurrency payments will grow rapidly - in the next two years 45% consumers will switch to this payment method.

Consulting company Capgemini conducted a survey of customers and representatives of the industry from different countries, To analyze the current situation with payments in the world. Analysts studied the statistics of the Bank of International Settlements, European Central Bank, International Monetary Fund, World Bank and other central banks.

As it turned out, Now less 10% consumers use cryptocurrency for payments. However, analysts predict, that to 2023 year this indicator will increase to 45%. The reason will be a growing need for international payments and the desire to avoid high commissions for transactions. Researchers noted, that cryptocurrency credit cards are leading in terms of distribution speed among other payments for payments.

“The instability of the cryptocurrency market indicates immaturity. Nevertheless, cryptocurrency cards occupy a leading position in the field of cryptocurrency payments, What is facilitated by global initiatives of issuing cards, aimed at creating an effective ecosystem of cryptocurrency payments ", - says the report.

Researchers think, that the prospects for the development of cryptocurrencies and stablecoins are “foggy” due to the ambiguous reaction of governments around the world. Russia, India and the United Arab Emirates see the potential in the adoption and regulation of crypto assets and stablecoins, However, China and Egypt have banned crypto assets due to the growing risk of illegal transactions.

Recently it became known, that owners of VISA virtual debit cards from Bakkt will be able to pay cryptocurrencies using the Google Pay system. At the beginning of this year, the Australian auction house Lloyds Actions invited his customers to buy real estate and other goods for bitcoins. Salvador in this matter stepped further than all - accepted Bitcoin as a payment vehicle within the country and develops this initiative in every possible way.