According to BanklessTimes.com, the number of people willing to use cryptocurrency to pay for goods and services has increased significantly. 36% of those surveyed say they are somewhat or very likely to use cryptocurrency to pay for items in the next year.
According to BanklessTimes CEO, Jonathan Merry, “This increasing willingness to transact using cryptocurrency is a positive sign for the industry, as it shows that people are slowly but surely gaining trust in the asset class. It is also a sign that crypto is slowly but surely becoming more mainstream. With each passing year, it is looking more and more likely that cryptocurrency will become a staple in the global economy.”
To begin your crypto payment journey you will need to acquire a cryptocurrency like Bitcoin. Many exchanges like Coinbase and Binance would allow you to buy cryptocurrency with fiat currency (or vice versa). However, self-custody might be an alternative solution if you don’t want to entrust your private keys to a third party.
Now that you have chosen a cryptocurrency, the next step is to sign up for a digital wallet to pay your bills directly from it. Many cryptocurrency wallets are available, from hardware to software to web-based and paper wallets. The full story and statistics can be found here: 36% Say They Will Pay for Items Using Crypto in 2023