A global study of cryptocurrency purchases made by users of Visa, Mastercard and Unionpay cards shows that 89% of respondents are well informed in cryptocurrencies, and 53% have purchased some of them in the last 12 months.
According to reports, Worldcore, the global provider of payment services, conducted a study of its customers to find out how cryptocurrencies are used among Visa, MasterCard and Unionpay users. The company has approximately 300,000 customers.
"The objective of the study was to determine the willingness of people to handle digital currencies with the help of bank cards," the company said. It was also added that the study was conducted from March to April. The study involved more than 10,000 people from 47 countries. In addition, "the data on the EU countries (28 countries) and the CIS countries (12 countries) were combined".
"About 89% of respondents know what cryptocurrencies are, and 53% of respondents have made purchases of cryptocurrencies at least once in the last 12 months," the results say.
According to Global Payments Data and Forecasts to 2022, published last July, "Unionpay is the largest card in the world for the number of cards since 2010, and by the end of 2016 more than six billion cards were issued." In addition, it was discovered that Unionpay, Visa and MasterCard collectively produce 80% of the cards worldwide.
Worldcore is an EU-regulated payment organization, whose headquarters are located in Prague, Czech Republic. The company cooperates with Bitpay, offering its customers global cryptodynamic solutions. In August of last year, the company announced the launch of ICO as part of its expansion plans.
Results of the study
Among the respondents were 36% of Japanese, 25% - of the US, 18% - Koreans, 8% - EU, 6% - 3% Chinese - Hispanic, 2% - Canadian, 1% - from Russia and the CIS.
Those who bought any cryptographic currency in the last 12 months: 21% of them used credit cards, 36% used debit cards and 43% used other payment methods.
Among respondents who did not purchase cryptocurrencies during this period, 60% considered risks to be the main reason, 35% of them reported that they had "insufficient funds" and 5% believed that such transactions violated the law.
Worldcore CEO Alexei Nasonov explained:
"Among our clients there are people of different specialties and ages, but studies were conducted among a very active audience in terms of transactions.As one of the most popular services, we have massive payments worldwide, as well as the use of cryptodynamic wallets. Therefore, initially the study was conducted among clients who were experts in the financial services sector. "
Although the survey shows a high level of users of cryptocurrency credit cards and who want to buy them, the largest banks in the world basically listened to regulators and banned the use of credit cards to buy coins.
Bank of America, Citigroup, JPmorgan, Capital One and Discover Card have prohibited their customers from buying loans encrypted with credit cards. In the United Kingdom, Lloyds Banking Group made a similar statement, prohibiting the same for customers of MBNA, Halifax and the Bank of Scotland. The Canadian bank of Toronto-Dominion Bank (TD Bank) also followed this example. In addition, Visa severed its relationships with several cryptocurrency card providers.