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Home Feature News

Public confidence increases to make crypto asset a digital payment tool

Survey indicated that around 44% of respondents believe crypto payments will become a common payment preference for online shopping.

Syifa by Syifa
December 29, 2023
in Feature News, Insight
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Heaptalk, Jakarta — The latest survey conducted by Arlington Research for Kaspersky revealed the enhancement of consumers’ confidence in utilizing crypto assets as digital payment and for their other necessities. This survey found that almost half of consumers believe that crypto assets determine the future of shopping activities and will use them as a payment option for the public.

In more detail, the data also shows respondents’ level of awareness about crypto assets, including 92% of respondents having heard of this new digital money, around 50% claiming they have heard about this technology with good comprehension, and 55% of them have in-depth knowledge regarding this asset.

Regarding existing risks, the result demonstrated that around 43% expressed concerns regarding the risks, volatility, and fraud of this assets. Of the current potential vulnerabilities, only 15% of respondents still need to increase their insight to protect their crypto assets adequately.

In terms of purchasing goods using crypto assets, respondents tend to buy items related to their interests, spanning video games (65%), gaming equipment (54%), clothing (46%), and groceries (38%). The data also shows that respondents still avoid purchasing high-value items, such as houses (24%) and cars (31%), using crypto assets.

Besides, the result demonstrated that around 44% of respondents believe crypto payments will become a common payment preference for online shopping. In addition, 40% of respondents will use this payment scheme more frequently due to the tremendous opportunities. The data also indicated that around 87% of respondents feel comfortable using digital money payments for online shopping. Meanwhile, 86% of respondents preferred direct payments in physical stores.

“Our survey results show that users’ understanding of crypto assets has grown over the past few years. Around 55% believe that they already understand digital money. We support the needs of the crypto community by adding special protection features to comprehensive security solutions to protect their data in cyberspace.” The Vice President of Consumer Product Marketing at Kaspersky, Marina Titova.

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