Study: 72 percent of Germans close Bitcoin payments from

According to a study, a large part of the German payments exclude using Bitcoin is the largest cryptocurrency according to market capitalization. The editor of the study suspect as the basic technical hurdles.

By Phillip Horch
17. September 2019BTC$to 10,224,05 fight 0.63%part Facebook Twitter LinkedIn xing mail

Bitcoin has to find its way in the middle of the society. Although the popularity of the crypto-currency rapidly increased; the way to Mainstream adaptation, however, is still long and with the technical and regulatory hurdles peppered.

Major concerns with Bitcoin & co.

So, credit plus Bank AG has found out in a study that there is on the subject of crypto-currency in the population still had major reservations. Thus 72 percent of German digital currencies from the close as a means of payment. The editor of the study suspect as the basic technical hurdles. This could be overcome by education:

To future generations better to the digital world of Finance to prepare, in favour of as early as 2018, a vast majority of 86 per cent, the introduction of a school subject that brings young people dealing with money closer,

it is said in the study. Belgin Rucak, Board Chairman of the credit plus Bank sees Potential for Bitcoin & co.:

The use of digital payment methods will increase in the future because the young Generation is open to such offers. Digital payment services I see as a great opportunity to offer customers a simpler, faster and better Service. A good introduction into all Digital services, and, of course, and this also applies to crypto-currencies [...].

The study itself, the company is referred to as the "representative of the population". In your order, the asked market research instit 1,000 people aged 18 and over.

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compared to the previous year, the popularity of contactless payments in the case of the German citizens had increased in addition. Accordingly, 48 percent of Germans took advantage of the opportunity to pay by phone or Bank card contactless or planned for the future. For comparison: In the previous year according to the survey, 42 per cent.

The Pay by phone is particularly in the under 40-Year-old popular, here, every Fourth use the phone. In the total population it is, however, only every Sixth, the use of this possibility.

Four out of ten German citizens security expressed here are concerns. Almost a third of the respondents preferred traditional payment methods, in order to prevent additional data to be collected from providers. (Here, reference is made to the problem with Bitcoin QR Codes). A point of the win, particularly in relation to the Libra debate around the Facebook Coin importance. Ultimately, one fifth of be afraid, by the mobile is the Overview of Pay for to lose on your own expenditure.

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