{"id":3817,"date":"2021-05-27T13:34:57","date_gmt":"2021-05-27T12:34:57","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=3817"},"modified":"2021-05-27T13:35:03","modified_gmt":"2021-05-27T12:35:03","slug":"new-survey-lack-of-understanding-is-the-main","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/new-survey-lack-of-understanding-is-the-main\/","title":{"rendered":"New Survey: Lack of understanding is the main obstacle to crypto adoption"},"content":{"rendered":"\n
About 55% of survey respondents said that they were aware of crypto despite never owning it crypto<\/a> or having a user experience.<\/h5>\n\n\n\n
\"New<\/figure>\n\n\n\n

After many complications associated with cryptocurrencies like Bitcoin (BTC), a new survey shows lack of knowledge and understanding of crypto is the biggest obstacle for wider adoption.<\/p>\n\n\n\n

The Economist Intelligence Unit\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the research, and analysis division of The Economist Group\u00a0released\u00a0a new report called \u201cDigimentality 2021.\u201d<\/p>\n\n\n\n

The study was commissioned by major payment and cryptocurrency platform Crypto.com and contains a consumer survey of 3,053 people conducted from February to March 2021.<\/p>\n\n\n\n

According to survey results, 51% of respondents said a lack of knowledge is the main barrier to the adoption of open-source cryptocurrencies like Bitcoin and Ether (ETH), while 34% of survey participants cited security concerns as the main obstacle, and 29% indicated difficulties in knowing where to buy crypto.<\/p>\n\n\n\n

In terms of crypto acceptance by institutional investors and corporate treasuries, 47% of respondents said that overall market trust or understanding of digital currencies was the biggest adoption obstacle. Some 32% of survey takers cited cryptocurrency regulations as a primary obstacle to wider institutional acceptance, while 43% and 36% said financial market structures and asset volatility were the foremost obstacle, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

About 55% of survey respondents said that they were aware of crypto despite never owning it crypto or having a user experience. After many complications associated with cryptocurrencies like Bitcoin (BTC), a new survey shows lack of knowledge and understanding of crypto is the biggest obstacle for wider adoption. The Economist Intelligence Unit , the […]<\/p>\n","protected":false},"author":63,"featured_media":3818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,130],"tags":[132,416],"class_list":["post-3817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-blockchain-news","tag-crypto","tag-survey"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/40703602-34470382.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=3817"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/3818"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=3817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=3817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=3817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}