You Don't Need to Understand Bitcoin to Use it, Study Finds

You Don't Need to Understand Bitcoin to Use it, Study Finds

A new study has revealed misconceptions held by both bitcoin users and non-users regarding the digital currency's usability, functionality and anonymity. The research, carried out by Rutgers University, found that, while the technology's new users were put off by its perceived complexity, more experienced users generally displayed poor understanding of how bitcoin works and overestimated how much privacy it offers. The researchers, headed by Janne Lindqvist, the university's assistant professor of electrical and computer engineering, set out to understand why more people have yet to adopt....


Related News

Study: 60% of Digital Asset Holders Store Funds on Exchanges While Half Deriv...

Despite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their cryptocurrencies on an exchange.” In contrast, 26% of the respondents use cold wallets and only 11% are using hot wallets. Security of Funds Remain a Key User Concern Dubbed the 2021 Global Crypto User Index, the study’s findings “are based on a global survey issued to over....

Over 2 million adults in UK now hold crypto, FCA survey finds

Crypto awareness in the U.K. has risen, but understanding has fallen, the FCA said following a new survey. A new study by the United Kingdom’s Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership in the country.On Thursday, the FCA published the results of a consumer survey which found that 2.3 million adults in the U.K. now hold crypto assets, up from 1.9 million last year. Alongside the increasing number of crypto investors, the study also identified a surge in ownership volumes, with median holdings rising to 300 British pounds ($420) from 260....

Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies M...

The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using service providers such as banks that charge an average of 10.89%. Marginal decline Mobile operators are the cheapest as their sending costs averaged 3% and below during the period under review. Still, the study, which predictably excludes cryptocurrencies, shows a marginal decrease in the Global....

Bitcoin Retailer Solution: Study Finds Why Many Online Shoppers Abandon Purchases

A study performed by Skrill last Wednesday revealed that online shoppers will abandon a purchase for a multitude of reasons, most of which Bitcoin payments solve. The study showed one in every four consumers will quit their purchase altogether if the retailer doesn't offer their preferred method of payment. Of 2000 people surveyed, 38 percent told the online payment processor that they would leave their cart incomplete if they are forced to create an account through the site. 32 percent said if the website is asking for too much information, consumers also will not complete their purchase....

Study Finds South Koreans Aged 20-39 Mainly Invest up to $100 in Cryptocurren...

South Korea’s “crypto boom” is a term that the local media has widely adopted to refer to the current hype seen across the Asian nation. In fact, a recent study unveiled a rising trend in the number of South Koreans making small-scale crypto investments. New Crypto Investors Seem Unafraid of Strict Regulations According to the “Virtual Currency App Market Analysis” research made by big data firm IGA Works, quoted by Edaily, almost 60% of the newest crypto investors in the country are aged 20-30. Remarkably, such a segment of traders often prefers to allocate....