Research Report: 38% Spend Cryptocurrency To Buy Food, 34% Clothes: Study 04/08/2020
(mediapost.com)
Most cryptocurrency users focus on using the digital money for day-to-day purchases, according to a new study.
The majority (72%) of cryptocurrency users have spent it on day-to-day purchases, according to the survey of 983 consumers familiar with digital currency conducted by Visual Objects.
More than a third (38%) spend cryptocurrency to buy food and 34% use it to buy clothes.
About a quarter (26%) of people have spent their crypto on weapons and 11% on drugs, according to the survey.
The leading currency owned is bitcoin (70%), followed by Ethereum (27%), Litecoin (20%) and Dogecoin (15%).
Despite the actual usage, nearly half (40%) of people think cryptocurrency is used to purchase stocks, 30% for illegal items, 23% for electronics, 21% for gold and 15% for clothing.
The majority (72%) of cryptocurrency users have spent it on day-to-day purchases, according to the survey of 983 consumers familiar with digital currency conducted by Visual Objects.
More than a third (38%) spend cryptocurrency to buy food and 34% use it to buy clothes.
About a quarter (26%) of people have spent their crypto on weapons and 11% on drugs, according to the survey.
The leading currency owned is bitcoin (70%), followed by Ethereum (27%), Litecoin (20%) and Dogecoin (15%).
Despite the actual usage, nearly half (40%) of people think cryptocurrency is used to purchase stocks, 30% for illegal items, 23% for electronics, 21% for gold and 15% for clothing.