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HomeNews13% of Russians Use Cryptocurrency for Online Purchases, Suggests A Poll

13% of Russians Use Cryptocurrency for Online Purchases, Suggests A Poll

Whether minellians or not, online transactions have become the rage for every generation. Amongst the many options, cryptocurrency has been gaining tractions across the borders, especially in Russia.

According to a poll ordered by Kaspersky Lab and conducted among 924 residents of the Russian Federation on the eve of the Christmas holidays, 13% of Russians use cryptocurrencies to pay for items they buy on the internet. Notably, the survey covers the full range of cashless payment methods, the percentage denotes that there is more ground to be conquered.

As for peer-to-peer mobile payment systems18% of respondents prefer it, while 38 percent make regular payments through contactless applications such as Paypass, Apple Pay, Android Pay, and Samsung Pay, Forklog reported. 48 percent have a mobile bank account and 56 percent prefer alternative nonbank payment systems. 76 percent prefer using Electronic wallets to buy goods and services.

One inference that can be derived from the poll results is that all participants were well acquainted with a number of digital payment methods and could easily switch to cryptocurrency-based platforms in the future. However, a majority of participants confirmed that they often pay with methods by the traditional banking system, debit and credit cards or through direct bank transfers.

Notably, half of the participants still feel unease about using online payments in general because they don’t feel their funds are safe. This scare can be eliminated via cryptocurrencies as they pose a faster, cheaper, safer and more convenient way in many respects. The only thing limited any user to make the switch is the ambiguity that surrounds the digital assets.

Yandex Money,  Russia’s largest electronic payment service conducted a poll similar to the above one, in cooperation with the Digital Technologies Department of the city of Moscow. Published last month, the survey inferred that 5% of participants were willing to try cryptocurrency payments, despite never having owned digital coins before.

While such survey definitely shows the increase in popularity of the cryptocurrencies over the last few years, the Russian government hasn’t still regulated the assets. Which might attribute to the hesitation of the citizens to adopt or explore crypto assets.


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