40 per cent<\/strong> of the participants also indicated a growing need for crypto as an online payment method.<\/span><\/p>\n<\/p>\n
Bank of America, conducted the survey in the begining of June, covering 1,000 current and potential users of crypto and crypto exchanges in the U.S. Interestingly, 91 per cent<\/strong> of the respondents claimed they would be buy crypto in the upcoming six months.Nearly 3<\/span>0 per cent<\/strong> of the partakers professed they do not plan to sell any of their crypto holdings in the next six months, unchanged from the percentage who said they had not sold any crypto in the previous six months.<\/span><\/p>\nConsumers Boisterous on Crypto as a Payment Method<\/h2>\n
<\/p>\n
The study also unwrapped the growing interest in the use of crypto as a payment method. Nearly, 39 per cent<\/strong> and 34 per cent<\/strong> of the respondents use crypto as a payment method to make online or in-person purchases, respectively.<\/p>\nKupferberg compared the crypto landscape to the internet stocks of the early 2000s, when many companies sprouted up but only a few became long-term successes. He remarked,<\/p>\n
“Using it as a payment method is interesting for sure, and we think what that’s highlighting is the increased use of what we call crypto-to-fiat type products.”<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"One of the world’s largest financial institutions, Bank of America (BAC), revealed, that despite the massive crypto sell-off, consumer interest in this industry is still full of vim and vigour. As a matter of fact, the survey showed a growing interest in the use of cryptocurrencies as a payment method in the near future.<\/p>\n","protected":false},"author":21,"featured_media":48675,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,103,74],"tags":[5536,4656],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/48658"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=48658"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/48658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/48675"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=48658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=48658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=48658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}