Another survey has revealed that the business world is eager to start using bitcoin to save on transactions costs and reduce dependence on entrenched systems. However, many companies are still concerned that holding bitcoin will make them a target for hackers.
Survey Says Yes to Bitcoin
The Neustar International Security Council, a global forum of cyber security experts launched by Neustar, Inc. (NYSE:NSR), has revealed great willingness to open up to bitcoin in the business sector. A survey found that 80% of companies have an interest in using cryptocurrency for transactions. Additionally, 48% of survey respondents said that the use of cryptocurrency could be a way for their businesses to generate income through delivering increased value.
On the negative side, 80% of respondents feared an increased risk of DDoS attacks should they be known to hold bitcoin, and 26% of said there was a greater risk to business by cryptocurrencies used for ransom attacks. Similar research news.Bitcoin.com reported on last month found that despite security concerns, 50% of large UK businesses already hold stockpiles of cryptocurrency for various reasons…