Poll: Interest in Crypto as Payment Method Makes Small Inroads among Moscow Residents

Poll: Interest in Crypto as Payment Method Makes Small Inroads among Moscow Residents

Bitcoin News
November 20, 2018 by XNews Editor 2
51
Five percent of Moscow residents who practice non-cash methods of payment are open to practice cryptocurrencies, as per a recently conducted survey.
Poll Interest in Crypto as Payment Method Makes Small Inroads among Moscow Residents

Five percent of Moscow residents who practice non-cash methods of payment are open to practice cryptocurrencies, as per a recently conducted survey, Forbes Russia reportedNov. 13.

The investigation into the e-payment market in Moscow was put into effect by Russian payment service Yandex, Money and the Moscow Information Technology Department(ITD). The experts allegedly surveyed 1,000 Moscow residents of numeral age categories by way of a phone survey.

The experts found that amidst those Moscow residents who use non-cash forms of payment, one percent also practice digital currency, while 5 percent portrayed readiness to start practicing cryptocurrency to pay for their purchases.

Among the most common forms of non-cash payments, 96 percent of respondents said they use bank cards, 40 percent pay for their purchases via mobile bank apps, 32 percent use Internet banking, while 16 percent said that they practice e-money.

Head of the analytics department at the ITD, Ivan Buturlin, allegedly stated that “34 percent of Moscow residents use primarily non-cash methods of payment, wherein 63 percent conduct electronic transactions at least once a day.”

The professionals skeptically regarded respondents’ intent to pay with digital currency, advising that people simply assumed a more broad usage of high-tech procedures in the future.

When asked why they refrain from using cashless payment systems, 40 percent of respondents explained security concerns, 22 percent stated they do not want to pay additional service fees, 11 percent stated they did not understand how to practice non-cash payment services, while 9 percent responded that they do not know what cashless payment methods are.

“In order for non-cash payments to penetrate into the lives of a larger number of citizens, people should also change their perception to understand that this is a safe method of payment,” specified Ivan Glazachev, CEO of Yandex.Money.

As Cointelegraph earlier published, 93 percent of British citizens have heard of Bitcoin (BTC), but only 4 percent assert to have bought it, as specified by a poll by U.K. market research organization YouGov.

Meanwhile, 55 percent of respondents in a recent German poll assert that they have heard of cryptocurrencies, while 77 percent of those who are aware of digital currencies accept they are not likely to capitalize in them.


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