65 percent of customers are ready to buy with crypto. HODLers would like to use their Bitcoins, Ethereum, and other popular cryptocurrencies to purchase mainstream products, such as real estate, cars, and electronic gadgets. Exeno unveils the results of its market survey of cryptocurrencies adoption.
- 65% of customers are ready to spend their crypto on popular goods.
- Real estate, cars, electronic gadgets are at the top of the list of desired products for crypto transactions.
- 32% of respondents declare investing in cryptocurrencies as their retirement saving instruments.
Exeno.com is an innovative global online store. The platform allows customers to pay for selected goods with Bitcoin, Ethereum, USDT, and novice Bitcoin Vault with no FIAT conversions. People from all over the world can use their digital coins to quickly and securely purchase popular products ranging from electronics, cosmetics, sports accessories to travel gear. Exeno organized a survey to study crypto holdings and spending patterns of modern customers. The research was part of the effort to explore the role of cryptocurrency in people’s lives and identify what should be done to improve the online shopping experience.
People are ready to buy products with crypto!
The respondents were asked whether they would buy goods such as smartphones, tablets, computers, and game consoles with cryptocurrency. Two-thirds gave an affirmative answer: 65% of respondents are ready to buy these goods for their crypto. Most customers find cryptocurrency to be an attractive payment method. Crypto’s main advantage over FIAT money seems to lie in its politically independent nature. 54% of respondents are open to using their crypto to buy real estate, 45% to buy cars, and 33 % to acquire electronic gadgets (respondents were allowed to give more than one answer). Buying luxurious, expensive things with crypto seems to be a common strategy, likely due to exchange rate fluctuations offering an opportunity to make a purchase at a low price point. Regarding the frequency of and rationale for spending crypto, 21% of respondents would use their crypto for major purchases; 28% are considering using crypto as a regular payment method.
Why do some people still avoid shopping with crypto
Although 65% of the respondents are open to shopping with cryptocurrency, only 22% have done so. The prevailing cause was simply the lack of shops accepting such payments: 36% of respondents pointed to popular stores not honoring crypto. 24 % were apprehensive about going through complex procedures required from crypto users. 19% are wary of high exchange rates and 14% of high commissions. 23% of respondents are planning to spend their crypto in the very near future (‘right now), and another 32% are ready to take this step within the next 1-3 years. Thus, the survey suggests that 55% of crypto holders are likely to be looking for stores accepting cryptocurrency payments. Only 8% declared the intent to HODL their digital coins for 10 years or more.
The survey results show a clear upward trend in the popularity of cryptocurrencies as a payment method. Such players as Exeno see this potential with a growing number of cryptocurrencies transactions every day. The research was conducted in June and July 2021. Participants answered 10 multiple-choice questions via an anonymous online form.
Exeno.com is innovative global e-commerce that enables purchasing all goods with cryptocurrencies Bitcoin (BTC), Ethereum (ETH), USDT, Bitcoin Vault (BTCV). The company was founded in 2020 in Tallin, Estonia. The platform operates from February 2021 and ships all goods globally to people around the world. The offices of the shop operator are based in the EU (Warsaw, Poland). The use of digital currencies in transactions makes the Exeno.com platform not only fast but also extremely safe. Low transaction fees are an additional advantage for a constantly growing crypto-maniacs group. To find out more visit Exeno.com or follow one of the social media channels: LinkedIn, Facebook, Twitter, Instagram, YouTube, Telegram.