The rallying crypto-market invited many newcomers to invest and with this rising investment, the expectations to use crypto at stores have also risen.
According to a research report by PYMNT and BitPay, 18% of the adult population is likely to use crypto for purchase, a percentage that includes 46 million consumers.
What’s more, the report also highlighted a major shift in perspective among new users.
With new users demanding a more mainstream payment mode for crypto, old users have been buying everything from real estate to groceries using cryptocurrencies.
Although the level of awareness is relatively higher than before, the lack of security by governments will hinder crypto from entering the mainstream.
Namrata is a full-time journalist at AMBCrypto covering the US and Indian market.
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.