Kaspersky Lab Says Over 10% of People Have Made Online Purchases using Cryptocurrencies

2019-2-14 01:10

A new study made by Kaspersky Lab, a cybersecurity firm, has discovered that at least one in ten people are using cryptos to pay for goods and services online. The report covers online finances and a total of 13% of the people who were surveyed had used cryptos at least once.

This shows that, despite the fall in price that affected the market and started a downward trend, there is still a strong desire for digital transactions using cryptos in the market, at least that is Vitaly Mzokov’s take. The Head of Verification of the company has affirmed that it was surprising to see so many people using cryptos.

He used the occasion to remind people that, despite these being interesting results, there are many dangers involved with using cryptos, as they are still only in their infancy so far, which can make them more vulnerable assets. This is just what you would expect to hear from a security company, though.

The Numbers Are Not So Clear, Though

Before we hail 2019 as the new year of cryptos, we just have to sit back and see some aspects of the big picture first. Unfortunately, the reports do not classify that are “online purchases”. This means that Kaspersky Lab could have understood that buying the cryptos itself is considered an online purchase.

In this case, the numbers would not be so surprising to see. A lot of people have bought Bitcoin at least once but never actually used it. However, the numbers are pretty big and impressive if they are, in fact, about online purchases made with cryptos.

Not a lot of companies are accepting crypto yet, so it looks like a considerable statistic since cryptos crashed and lost most of their value last year. However, crypto stores are progressing nicely and becoming more popular.

Finally, there is also another point to consider. The survey was most likely made with middle-class people from the richest country in the world. If we were to consider all kinds of people, including the ones excluded from the traditional financial system and from poorer countries, we would see drastically lower numbers.

Cryptos may be big, but we are still a long way from reaching all the potential that the crypto world has to offer.

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