The Use of Cryptos Will Rise by 70% In the US, 3.6 million peo | 🛡CA Capital Announcements

The Use of Cryptos Will Rise by 70% In the US, 3.6 million people are forecasted to pay for goods with cryptocurrencies this year

According to the survey by Insider Intelligence that was reported in the Street, 10.7% of US crypto owners will use their cryptocurrencies for payments.

The use of crypto payments in 2022 is expected to increase by 70%. Approximately 3.6 million people are forecasted to pay for goods and services with their cryptocurrencies in the upcoming year.

Nazmul Islam, analyst at Insider Intelligence said: "It is easier now to invest in cryptocurrency than ever before. In 2021, cryptos became easier to purchase within apps consumers were already using, and while major financial institutions embraced crypto investments."Add hype surrounding meme stocks like Dogecoin to this easier accessibility, and you have a huge spike in ownership rates.

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