Digital Currency Adoption and Awareness Increasing Rapidly Across the Globe

A new survey by The Economist Intelligence Unit and Crypto.com says that adoption and awareness of digital currencies is increasing across the world; digital currencies showed the biggest growth opportunity within the payments space; 20 percent said they don’t currently use digital currencies but plan to use them within the next year; 34 percent believe online payments will be their top function with 24 percent saying short term investments; 54 percent would view a central bank digital currency or CBDC as trustworthy, that compares to 26 percent who view current cryptocurrencies as trustworthy; 85 percent of respondents say they have owned, used or heard of cryptocurrencies with that number rising to 92 percent in the developing world; a crisis like COVID-19 could help to survive governments to develop faster and enact legislation that they would have otherwise not made a priority in the near term. CrowdFund Insider

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