Crypto Payments to see an uptick in the next 3-years
According to Accenture’s 2022 Global Consumer Payments report, next-generation payments, including crypto , are growing at a rapid rate. The growth is credited to changes in consumer behavior and advances in technology and regulation. The report also notes the entry of innovative new players into the payments space. The survey took into account 16000 people across 13 countries. According to Accenture, one in five people claims to own crypto . While many purchased crypto as a long-term investment, several are curious and bought into the speculation. 28% of respondents bought crypto currencies as a long-term investment. 22% purchased the emerging asset out of curiosity, while 21% got into it for short-term speculation or trading purposes. As per the report, 17% use crypto currencies to access alternate payment mechanisms. Meanwhile, 12% claim to use crypto currencies for cross-border payments. Source: Accenture Furthermore, the report noted central bank digital currencies (CBDC...