Study: Users Are Still Afraid of Paying with Bitcoin
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According to a study published by the Foundation for Interwallet Operability (FIO), 60% of crypto users still do not feel comfortable using Bitcoin as a means of payment. In addition, only 11% of the participants in the survey who claimed to have used crypto during 2018 did so more than once a week.

The study, which was published on March 12, was conducted among 200 crypto owners through social media and paid-advertisements from December 2018 to February 2019. The aim of the survey was to find out how often they transfer cryptocurrencies as well as their experiences with these assets.

The report is part of an ongoing research-led series on blockchain usability, conducted by the Foundation.

The survey showed that 60% of the participants felt “uncomfortable” with the idea of making Bitcoin payments. However, the study noted that users who have been familiar with crypto for a long time tend to feel more comfortable when it comes to pay with it.

40% of users who bought their first cryptocurrencies more than 3 years ago said they felt very comfortable using Bitcoin as a means of payment, whereas just 21% of users who have owned cryptocurrencies for less than 3 years felt very comfortable.

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