Cryptocurrency Gaining Mainstream Interest as Payment Option: Report

Cryptocurrency Gaining Mainstream Interest as Payment Option: Report

Cryptocurrency is gaining mainstream traction among consumers who want to use it for purchases, according to a new report. Out of more than 8,000 U.S. consumers surveyed, 93% of crypto users would make purchases with cryptocurrency in the future. Growing Number of People Want to Pay With Cryptocurrencies A new report titled “The Cryptocurrency Payments Playbook: Cryptocurrencies Gain Momentum As A Payment Option” published by Pymnts and Bitpay shows that consumers are increasingly interested in using cryptocurrencies for payments. “The report analyzes a census-balanced....


Related News

Brazilian Lawmaker Proposes Integration Of Crypto Payment Option For Workers

As crypto adoption steadily increases, more and more institutions are considering it as a payment option for employees. A member of Brazil’s Chamber of Deputies, Luizão Goulart, proposed a bill to provide public and private sector workers with a crypto payment option. This means that Brazilian workers would have the option to request their pay in cryptocurrencies. […]

PayPal Support is Coming to Bitcoin Exchange Coinbase

Before people get too excited about the option to buy Bitcoin with Paypal in the near future, that option will not be enabled just yet. Exciting times are afoot in the Bitcoin world on a nearly daily basis. Coinbase, also known as GDAX these days, has added support for PayPal and credit cards to their platform. Buying and selling Bitcoin has never been easier or more convenient than it is right now. Before people get too excited about the option to buy Bitcoin with Paypal shortly, that option will not be enabled just yet. Coinbase makes it clear they will let users buy cryptocurrency with....

Crypto payments gain ground thanks to centralized payment processors

Mastercard, Visa, PayPal and several others have paved the way for crypto to be used as a tool of payment for buying daily needed goods. The cryptocurrency market has grown beyond many people’s expectations over the past decade. The nascent industry has managed to change mainstream perception quite significantly, especially in 2021, which saw many traditional financial institutions adopt crypto in one form or another.Some of the biggest public companies such as MicroStrategy started using Bitcoin (BTC) as a treasury hedge, while the likes of PayPal, Mastercard and Visa paved the way for....

'Lack of Interest': Freelance Market Fiverr Drops Bitcoin Payments

Freelancer marketplace Fiverr has discontinued bitcoin payments, citing a lack of interest. The marketplace made headlines in early 2014 when it partnered with Coinbase. At the time, the company said that it “will be in the forefront of marketplaces embracing this new digital currency and security standards”. Nearly three years later, the marketplace is calling it quits. Redditors spotted the change over the weekend, highlighting how Fiverr had dropped bitcoin as a payment option. An email reportedly distributed to users suggested that the move was effective 19th January. When reached for....

Isle of Man Residents Could Soon Settle Tax Bills in Bitcoin

Isle of Man residents and businesses could soon have the option to pay their taxes in bitcoin, according to a government representative who indicated the option is under serious consideration. "Everything from paying your car tax to your income tax bill, we're seeking to operate a wider range of choices for citizens and businesses for how they can settle their account with the government," said Chris Corlett, chief executive of the government's department of economic development. The island's government is currently inviting expressions of interest from payment services providers,....