Poll: Interest in Crypto as Payment Method Makes Small Inroads Among Moscow Residents

A latest ballot of Moscow residents discovered that, amongst respondents who use non-cash cost strategies, 5 p.c expressed curiosity in utilizing cryptocurrencies.

Five p.c of Moscow residents who use non-cash strategies of cost are open to utilizing cryptocurrencies, in accordance with a just lately performed survey, Forbes Russia reported Nov. 13.

The investigation into the e-payment market in Moscow was carried out by Russian cost service Yandex.Money and the Moscow Information Technology Department (ITD). The specialists purportedly surveyed 1,000 Moscow residents of varied age classes by the use of a cellphone survey.

The specialists discovered that amongst these Moscow residents who use non-cash types of cost, one p.c additionally use digital currency, whereas 5 p.c expressed readiness to begin utilizing cryptocurrency to pay for his or her purchases.

Among the commonest types of non-cash funds, 96 p.c of respondents stated they use financial institution playing cards, 40 p.c pay for his or her purchases by way of cell financial institution apps, 32 p.c use Internet banking, whereas 16 p.c stated that they use e-money.

Ivan Buturlin, head of the analytics division on the ITD, reportedly stated that “34 p.c of Moscow residents use primarily non-cash strategies of cost, whereby 63 p.c conduct digital transactions no less than as soon as a day.”

The specialists skeptically regarded respondents’ intent to pay with cryptocurrency, suggesting that folks merely assumed a extra broad utilization of high-tech processes sooner or later.

When requested why they chorus from utilizing cashless cost techniques, 40 p.c of respondents expressed safety considerations, 22 p.c stated they don’t need to pay further service charges, 11 p.c stated they didn’t perceive the way to use non-cash cost companies, whereas 9 p.c answered that they have no idea what cashless cost strategies are.

“In order for non-cash funds to penetrate into the lives of a bigger variety of residents, individuals also needs to change their notion to know that it is a secure technique of cost,” acknowledged Ivan Glazachev, CEO of Yandex.Money.

As Cointelegraph beforehand reported, 93 p.c of British residents have heard of Bitcoin (BTC), however solely four p.c declare to have purchased it, per a ballot by U.Ok. market analysis agency YouGov.

Meanwhile, 55 p.c of respondents in a latest German ballot declare they’ve heard of cryptocurrencies, whereas 77 p.c of those that are conscious of digital currencies admit they don’t seem to be prone to put money into them.

Original supply: https://cointelegraph.com/news/poll-interest-in-crypto-as-payment-method-makes-small-inroads-among-moscow-residents

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