New Wirex and Stellar Research Suggests Crypto Mass Adoption is Close

LONDON, Jan. 21, 2021 /PRNewswire/ — Wirex, in partnership with the Stellar Improvement Basis, has at this time unveiled model new main analysis into cryptocurrency. The findings establish real-world use circumstances for cryptocurrency, and spotlight client wants and ache factors, permitting companies to develop extra related crypto merchandise that on a regular basis customers demand. With Bitcoin having just lately reached its all-time excessive and a sequence of trade gamers akin to PayPal and Fb exhibiting assist, this evaluation couldn’t come at a extra pivotal level.

The analysis is rooted in Wirex and Stellar’s parallel targets to encourage the mass adoption of the digital financial system. Over the previous 6 months, these main gamers have undertaken surveys into their userbases to grasp particular person’s spending habits, attitudes in direction of crypto, and use of the foreign money. Following in-depth evaluation, they’ve produced a vastly insightful and easy-to-understand 20-page report that reveals never-before-seen details about the digital financial system.

The report gives model new insights into cryptocurrency utilization throughout totally different age teams, genders and international locations. In line with the findings, 74% of respondents view crypto funds as a viable various to conventional cash switch providers, while solely 25% of individuals have heard of the time period ‘stablecoin’ earlier than. However, the report additionally challenged some widespread held beliefs, suggesting that age and safety is not any barrier to adopting blockchain expertise, with 57% of respondents being aged 45 and over, and 86% of individuals suggesting that they felt protected utilizing crypto.

Wirex CEO and Co-Founder, Pavel Matveev, mentioned the importance of this analysis: “It is clear that crypto is a significantly under-researched space, and it is vital that we higher perceive it to have the ability to produce merchandise that rival the normal financial system and tackle customers’ considerations. At Wirex, we’ve all the time believed that the advantages of crypto can supply a viable various for funds sooner or later, and the findings of this report positively underpin this.”

The Stellar Improvement Basis’s CEO and Government Director, Denelle Dixon, defined that “to foster better participation within the world monetary system, it can be crucial that individuals perceive the way to entry providers and what choices can be found to them to spend and get monetary savings. Conventional cross-border funds are pricey and take time to settle, nevertheless it would not should be this manner. Our analysis will assist us get a glimpse into the ache factors individuals expertise with worldwide transactions and spotlight alternatives the place blockchain and crypto will be a part of the answer.”

Wirex and Stellar have labored carefully since early 2019, when Stellar Lumens (XLM) launched on the Wirex platform. Over the approaching months, they’ll launch a sequence of latest articles on the Wirex weblog, that includes insights, ideas and commentary concerning the report’s findings from key stakeholders round their companies. In addition they plan to undertake extra intensive analysis into different audiences, additional complementing and creating on matters lined of their first report.

To learn a full-version of Wirex and Stellar’s ‘The Way forward for Cash’ report, go to: https://wirexapp.com/blog/post/2021-the-year-of-crypto-0250

About Wirex

Wirex is a worldwide digital fee platform and controlled establishment that has solid new guidelines within the digital funds house. In 2015, the agency developed the world’s first crypto-enabled fee card that offers customers the flexibility to seamlessly spend crypto and conventional currencies in actual life.

Wirex was created in 2014 by CEOs and co-founders Pavel Matveev and Dmitry Lazarichev, who recognized the necessity to open up the esoteric world of cryptocurrencies and make digital cash accessible for everybody. With the core goal of constructing it as straightforward as doable to make use of digital property in on a regular basis life, Wirex gives a trusted and cost-effective service for crypto and conventional foreign money transactions by incorporating the following era of funds infrastructure built-in with cryptocurrency blockchains.

With over three million clients throughout 130 international locations, the corporate presents safe accounts that permit clients to simply retailer, purchase and change a number of currencies immediately at one of the best reside charges on one centralised cell app. Fast and easy cash switch choices can be found, in addition to the liberty to spend 150+ conventional and cryptocurrencies in additional than 61 million places all over the world utilizing the Wirex card.

Wirex continues to develop the product according to market developments, while adhering to regional rules and securing acceptable licensing the place it exists. A confirmed trade pioneer, Wirex launched the world’s first bitcoin reward programme, Cryptoback™, which earns cardholders as much as 1.5% again in bitcoin for each in-store transaction they make, in addition to launching their very own native utility token, WXT.

Wirex relies in London, with workplaces in Singapore, Kyiv, Tokyo, Toronto, Dallas, Dublin and Atlanta. With over $4bn value of transactions processed already and speedy enlargement into new territories, together with the US and Japan, Wirex is uniquely positioned to assist and promote the mass adoption of a cashless society by means of inventive options.

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