80% of Australians know of crypto, <1% used it to pay for items: Central Bank

posted 10 months ago
Under 1% of Australians paid for consumer goods with cryptocurrency in 2019, according to a study by Australia’s central bank. The findings from about 1,100 respondents show that while consumers are largely embracing digital and alternative payment methods over cash, they’re just not paying in crypto.

Over 80% said they’d heard of crypto, making it the third-most recognized “alternative payment method” the bank surveyed for, behind only “buy now pay later” services and “tap and go” mobile payments. Crypto had the worst usage-to-awareness ratio by far, the survey showed.
Tags: bitcoin, news, opinion