Skrill reveals the growing popularity of digital currency
The rise in popularity of digital currency continues according to a recent survey from Skrill .
The company said 38 percent of respondents disclosed that they had invested in or bought cryptocurrency.
Besides, highlighting the increased prevalence of cryptocurrencies, 84% said they have heard of at least one cryptocurrency, with 64% recognizing Bitcoin.
"Adoption of cryptocurrencies has skyrocketed to heights that no one could have imagined even two years ago." - he commented Rossen Yordanov , Senior Vice President, Skrill and Neteller, at Paysafe . "We see that cryptocurrencies are no longer a niche phenomenon and our research provides further evidence of this, but there is a major opportunity to raise awareness of its potential for payments and transfers.
"We are working hard to make it easier for people around the world to buy and sell cryptocurrencies using Skrill and Neteller. "
Of the remaining currencies, Ethereum Classic, Dash and Stellar were recognized by more than 10 percent of respondents, although ownership rates were only five percent or less. With even less recognition, as many as 8 percent of respondents were aware of Chainlink, Tezos, Atom, EOS, OMG, Kyber Network and 0x.
Consumers' knowledge and understanding of cryptocurrencies as financial assets appears to be sharply divided, with 47 percent agreeing or strongly agreeing that they don't know enough about them to use or invest, while 38 percent considered them too risky to invest in general. However, 28 percent already believe that cryptocurrencies are a good investment for the future.
That said, consumer understanding appears to be growing. Almost a third (29 percent) of respondents said they know more about cryptocurrencies now than they did at the same time last year, with a quarter (26 percent) saying they are more likely to invest in cryptocurrencies now compared to 12 months ago.