67 Percent of Cryptocurrency Owners Willing to Use It for Purchases in a Mobile Wallet According to New Cantaloupe Inc. Survey
86 Percent of Consumers Report Using a Payment App in the Last Year
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67 Percent of Cryptocurrency Owners Willing to Use It for Purchases in a Mobile Wallet According to
The news comes as adoption and usage of mobile payment apps is growing. According to the same survey, only 14 percent of respondents reported not having used a mobile payment app in the past year.
“With the popularity and ownership of cryptocurrency growing, it is critical that retailers find ways to accept this new form of payment, and the easiest way may be through mobile wallets,” said
Additional findings include:
Cryptocurrency Ownership Skews to Affluent: 41 percent of respondents who earn more than
$100Ka year own cryptocurrency, compared to 24 percent of those who earn less.
- 55+ Less Likely to Use Cryptocurrency Linked to Mobile Wallet by Wide Margin: only 46 percent of respondents over the age of 55 would use cryptocurrency linked to a mobile wallet, compared to 68 percent of those ages 35-54, and 70 percent of those 18-34.
Less Affluent, Younger Respondents Prefer Cash App Over Venmo: While about the same percentage of respondents making more or less than
$100Kannually prefer Paypaloverall (72 percent and 75 percent respectively), 24 percent of respondents making less than $100Kuse Venmo compared to 35 percent of those making more. By comparison, 33 percent of those making less than $100Kuse Cash App, compared to 28 percent of those making more. Cash App is the second most popular payment app to Paypalfor younger generations, with 49 percent of those between 18-34 using it, compared to 38 percent who use Venmo, the third-most popular.
Cantaloupe’s findings are based on the results of a
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