Mastercard – Forty Percent of users plan to use digital currency for payments within the year

Credit card giant Mastercard has unveiled some incredible statistics in their latest survey, with 40% of the respondents planning to use cryptocurrencies for payments within the next year.

This is according to a survey called ‘Consumer Appetite for Digital Payments Takes Off’. 67% of participants in this questionnaire affirmed that they are more open to using cryptocurrency than they were a year ago.

The study reads: “While consumer interest in cryptocurrency, especially floating digital currencies such as bitcoin is high, work is still required to ensure consumer choice, protection, and their regulatory compliance,” the study reads.

Millennials are much more interested in Cryptocurrency with some 77% completely engrossed in learning more about digital currencies. Another 75% said that they ‘would use crypto if they understood them better.’

The company giant listed that 93% of the respondents would consider using at least one emerging payment method, including cryptocurrency, biometrics, contactless or QR codes.

These figures come after MasterCard’s big announcement in February that it would enable customers to make payments in certain cryptocurrencies on its network as early as this year.

The poll included more than 15,500 respondents from across 18 countries in North America, Latin America, the Middle East, Africa, and the Asia Pacific.

Mastercard’s Chief Product Officer Craig Vosburg said in a statement: “As we look ahead, we need to continue to enable all choices, both in-store and online, to shape the fabric of commerce and make the digital economy work for everyone”.