This Christmas, we want our gifted money to be paid in cryptocurrency! And that’s the response of 72% of people who have taken part in a survey on Twitter. The Bank of England is the surveyor, and they began this study on December 17 to end on the 23. Here, the financial institution asked social media enthusiasts if they’ll rather receive a monetary gift in cash, bank transfer, gift voucher, or digital currency.
More People Want to Receive Gifts in Cryptocurrencies
The result of the study is shown after a vote has been made and as at press time, 10,365 people have voted. 72% of people chose a digital currency, 20% settled for cash, 6% preferred bank transfer, while only 2% are willing to accept a gift voucher. Although the survey is still ongoing, there is already a clear winner.
Now it may be a bit amusing that most people did not settle for bank transfer given that the survey is being carried out by a financial organization. In the same vein, it is even more surprising that a large number of people are still willing to accept and store cryptocurrencies despite their downward price trend since the year began.
Bitcoin and Ripple Get More Votes
Virtual currencies are currently leading, and people have pointed out that they will certainly prefer a gift that looks like Bitcoin and Ripple. Specifically, most went for Ripple attributing it to the fact that it is fast, transparent, and open source. A user also mentioned that this is a digital asset that has been adopted by banks and other platforms.
Nevertheless, a quick look at Coinmarketcap’s trading volume today shows that Bitcoin and Ripple have the highest volume. Therefore, a lot of users are interested in them. Asides from these two, other digital assets that received favoritism are Litecoin, Gemini, Cardano, and Dascoin.
Studies Reveal Investors Interest In Crypto Despite Falling Prices
The same high level of interest has been noted in South American countries where people invested more income in cryptocurrency in comparison to 2017. Notable among these countries are Peru and Columbia whose Bitcoin volume increased tremendously from that of the previous year. Therefore conclusions were drawn that people may be willing to convert their fiat money to digital currency.
eToro also recently surveyed 1,000 people including men and women between different age ranges. The company discovered that out of some factors that influenced the adoption of cryptocurrency, the lack of education played a major part. This is because most people are reluctant to invest in these virtual currencies and they attributed it to their lack of understanding of its concepts.