Growing Digital Wallet Adoption Amongst Younger Generation Bodes Well For Bes...
Research shows that digital wallet adoption has soared since the start of 2023. PYMNTS Intelligence, a research firm specializing in financial trends, released a report on e-commerce adoption among different age groups. Based on responses from 2,722 consumers in the US, PYMNTS found that younger consumers are increasingly using digital wallets for their purchases despite […]
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The Into The Cryptoverse US Report by KuCoin — a global cryptocurrency exchange — revealed striking statistics regarding the positive dynamics of blockchain and digital currency adoption in the United States. Findings show that adults and younger generation users are leading the integration of cryptocurrencies into daily financial operations, the report indicates. The survey provides important data related to US user investment sentiment, which has added up to 5% of new adults to the industry compared to the fourth quarter of 2021. Over 8 million new users have entered decentralized space,....
Jones believes the established firms need to focus on community engagement first before jumping on a trend like NFTs. Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY) believes that the metaverse would be led by the young generation and it cannot be built on the same principles of the corporate business model.Jones's comments came during an exclusive interview with Cointelegraph managing editor Alex Cohen at the European Blockchain Convention (EBC) 2022.The EY innovation lead shed light on the company’s investment strategy and why a significant chunk of it....
In a testament to the growing adoption of bitcoin across generations, a study revealed that younger parents are starting to use the cryptocurrency to give funds to their children. Some of these are used by their kids to make purchases on iTunes or as credits in online gaming apps while others rely on bitcoin for allowances. In particular, a third of the parents included in the poll opt to transfer a weekly amount into their children's digital bank accounts. This research was conducted by financial technology firm, Intelligent Environments, and included 2,000 parents in the survey. Bitcoin....
I am part of the generation often called the Baby Boomers. We are heading into our retirement years now in large numbers. Baby Boomers for the most part are not familiar with concepts like Bitcoin and cryptocurrencies. They have heard these terms, but it all sounds kind of "crypto" to them. While there are exceptions for sure, the new technologies driving Bitcoin and other new proposed currencies are more appealing to younger generations. They were raised in the smartphone era, so using a Bitcoin seems more natural to them. It is clear that the movement towards Bitcoin and other digital....
“We know our younger generation of customers seek additional products and services that are relevant to them,” said Zip co-founder Peter Gray. Australian 'buy now pay later' (BNPL) firm Zip is looking to enter the crypto market by offering trading services to users within the next 12 months. Zip co-founder Peter Gray told Reuters on July 22 that expanding support for crypto trading services and providing a digital wallet was one of top requests from its clients. The co-founder kept his cards close to his chest however and didn’t outlay a specific roadmap or timetable to get there. “We know....