Study: 54% of UAE and Saudi Arabia Survey Respondents Said Cry | 🛡CA Capital Announcements

Study: 54% of UAE and Saudi Arabia Survey Respondents Said Crypto Should Be Used for Payments

According to the findings of a study by Checkout.com, about 54% of respondents in both the UAE and Saudi Arabia "Believe that cryptocurrency should be used as currency" and not only as "An investment asset." This figure is nine percentage points higher than the global average of 45%, the study data shows.

Although the study found that nearly half of the 30,000 respondents are planning to regularly or occasionally pay with crypto, there are still obstacles that stop digital currencies from going mainstream, even in countries like Saudi Arabia and UAE. For instance, the study found that approximately 25% of respondents in Saudi Arabia and just over 30% in the UAE said "Crypto is too complicated to become mainstream."

According to the study data, just over 30% of respondents in Saudi Arabia and around 30% in the UAE agreed that crypto is too risky.

Read Article