Thirty-eight percent of those questioned said they use digital currencies to buy food and 34% said they use it to purchase clothes. However, 15% admitted to using it to buy weapons and 11% said they used it to buy drugs.
Estimated reading time: 0 minutes, 24 seconds
Cryptocurrency’s Bad Name (Mostly) Unfounded: Report
A study from Visual Objects found cryptocurrency is more often used to buy food and clothing than anything else, despite the fact that one-third of those surveyed think its primary use is for stocks and illegal purposes. So reports Bitcoinist.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Sep 03 2020
-
Written by FinTech News Brief Staff
The IRS issued new guidance indicating cryptocurrency earned from crowdsourcing-based…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 21 2018
-
Written by Jacob Roberts
Online software vendor Kashoo is forming focus group to react…
-