ING: Interest in Cryptocurrency Expected to Double (At Least)

According to new research from Dutch multinational banking and financial services giant ING, interest in cryptocurrency is expected to double.

The interesting findings come from the “Cracking the Code on Cryptocurrency” portion of its sixth annual ING International Survey Mobil Banking. The International Survey spans almost 15,000 people across 13 European countries, in addition to the United States and Australia.

Huge Growth Potential

When examining the study’s findings, it is clear that interest in cryptocurrency is expected to grow — potentially “more than double.” Notes ING:

Sixty-six per cent of people in Europe say they have heard of cryptocurrency. Fewer than one in 10 (9%) own it. An additional 16 per cent say they expect to own it in future, which suggests uptake could more than double. Considering a third of those in Europe (34%) have not yet heard of cryptocurrency the growth potential could be even higher.

Meanwhile, an estimated one-third of people in Europe (35 percent) believe that cryptocurrencies like Bitcoin are the future of online spending. This total unsurprisingly represents a significant increase from 2015. Additionally, 30 percent of individuals polled in Europe would consider using cryptocurrencies for international purchases made online.

Of course, not every European is interested in cryptocurrency. Roughly half of those polled noted their aversion to changing the way they currently pay for goods and services, though some of them claimed they’d potentially use something like Bitcoin for one-off payments.

15 percent of Europeans polled said they would consider getting paid in Bitcoin or cryptocurrency…

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