65% of customers are ready to buy with cryptocurrencies. HODLers would like to use their Bitcoin, Ethereum and other popular cryptocurrencies to buy traditional products, such as real estate, cars and electronic gadgets. Exeno unveils the results of its market survey on cryptocurrency adoption.
• 65% of customers are ready to spend their cryptocurrencies on popular goods.
• Real estate, cars, electronic gadgets are at the top of the list of desired products for crypto transactions.
• 32% of respondents state that they invest in cryptocurrencies as a retirement savings tool.
Exeno. com is an innovative global online store. The platform allows customers to pay for selected goods with Bitcoin, Ethereum, USDT and Bitcoin Vault for beginners without FIAT conversions. People from all over the world can use their digital currencies to quickly and securely purchase popular products ranging from electronics, cosmetics, sports accessories and travel gear. Exeno organized a survey to study cryptocurrency 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 cryptocurrencies!
Respondents were asked if they would purchase assets such as smartphones, tablets, computers and game consoles with cryptocurrency. Two thirds gave an affirmative answer: 65% of respondents are ready to buy these assets for their own cryptocurrencies. Most customers find cryptocurrency an attractive payment method. Crypto's main advantage over FIAT money appears to lie in its politically independent nature. 54% of respondents are willing to use their cryptocurrencies to buy real estate, 45% to buy cars and 33% to buy electronic gadgets (respondents were allowed to give more than one answer). Buying luxurious and expensive things with cryptocurrencies seems to be a common strategy, possibly due to fluctuations in exchange rates which offer the opportunity to make a purchase at a low price. Regarding the frequency and logic of cryptocurrency spending, 21% of respondents would use their cryptocurrencies for major purchases; 28% are considering using cryptocurrencies as a regular payment method.
Why do some people still avoid shopping with cryptocurrencies?
Although 65% of respondents are open to cryptocurrency shopping, only 22% have. The overriding cause was simply a lack of stores accepting such payments - 36% of respondents pointed to popular stores that don't honor cryptocurrencies. 24% were concerned about performing complex procedures requested by cryptocurrency users. 19% are wary of high exchange rates and 14% of high commissions. 23% of respondents plan to spend their cryptocurrencies in the very near future ("right now") and another 32% are ready to take this step within the next 1-3 years. Therefore, the survey suggests that 55% of cryptocurrency holders are likely to search for stores that accept cryptocurrency payments. Only 8% have declared HODL's intention to own their digital currencies for 10 years or more.
The survey results show a clear upward trend in the popularity of cryptocurrencies as a payment method. Players like Exeno see this potential with an increasing number of cryptocurrency 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 an innovative global e-commerce that allows you to buy all assets with Bitcoin (BTC), Ethereum (ETH), USDT, Bitcoin Vault (BTCV) cryptocurrencies. The company was founded in 2020 in Tallin, Estonia. The platform has been operational since February 2021 and ships all goods globally to people around the world. The offices of the store manager 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 secure. The low transaction fees are an added bonus for a growing group of crypto maniacs. To find out more, visit Exeno.com or follow one of the social channels: LinkedIn, Facebook, Twitter, Instagram, YouTube, Telegram.