Payment processor Worldcore shared the results of a large-scale study on the use of cryptocurrency among users of Visa, Mastercard and UnionPay. The survey involved about 10 thousand people from 47 countries.
The aim of the study was to determine the willingness of people to deal with digital currencies using Bank cards.
According to the results, 89% of respondents know about cryptocurrency, and 53 percent buy them at least once in the last 12 months.
The study was conducted in March-April 2018. The information on the countries of the European Union (28 countries) and the CIS (12 States) analysts combined.
As for the geography of buyers of cryptocurrencies, 36% of them were residents of Japan, 15% US and 18% in South Korea. Residents of the EU accounted for only 8% and China 6%. In Latin America cryptocurrency bought only 3% of cardholders in Canada and even less – 2% of the total number of respondents. On Russia and the CIS countries accounted for 1%.
Experts also found out in which way users prefer to buy the cryptocurrency. As it turned out, 47% use credit cards. While 21% of them do it with a credit card, and 36% of the debit. 43% of respondents used other forms of payment.
Among those respondents who have never purchased the cryptocurrency in the past 12 months, 60% the reason indicated risks, 35% cited “lack of funds” and 5% believe that cryptocurrency transactions violate the law.
According to RBR, UnionPay is the largest payment system in the world in the number of issued cards. At the end of 2016 in circulation were more than 6 billion cards of this company. While the total share of UnionPay, Visa and Mastercard account for about 80% of Bank cards worldwide.
Despite the awareness and willingness of credit card users to buy cryptocurrency, the largest financial conglomerates and banks have already imposed a ban on such operations. Among them, the American J. P. Morgan Chase, Bank of America, Citigroup Australian Commonwealth Bank of Australia, and a British group Lloyds Banking Group.