Paxful conducted a cryptocurrency survey of Americans

This April 23, Paxful, the company dedicated to the global trade of cryptocurrencies, has carried out a survey in the United States of that part of the population that has a practical knowledge of cryptocurrencies.

 Paxful conducted a cryptocurrency survey of Americans

Financial transformation

This April 23, Paxful, the company dedicated to the global trade of cryptocurrencies, has carried out a survey in the United States of that part of the population that has a practical knowledge of cryptocurrencies. The survey indicated a growing interest in cryptocurrencies and blockchain technology for this demographic; Furthermore, respondents consider that digital assets are getting closer to replacing the "faulty" traditional financial system. According to respondents, this transformation will take place after a triggering event in the traditional financial system and some have speculated that the current world economic crisis induced by the expansion of the COVID-19 pandemic could be a great candidate to trigger the transformation of the traditional financial system toward a new financial system based on digital assets and blockchain technology.

Artur Scahabck, chief operations officer and co-founder of Paxful, stated: "It was interesting to see that many believe that mass adoption will be in the next 6 to 10 years. On the contrary, at the same time (6 to 10 years) respondents also they think the cryptocurrency bubble is going to burst. I have hope in the first scenario, so I think that as an industry we should work to create more products that are used for real-life use cases and that can help accelerate widespread adoption. " During this day (April 23, 2020), Bitcoin is insinuating a confirmation of the change in the downtrend that it has brought since mid-February 2020 and many analysts are speculating with the possibility that Bitcoin will begin to take position in the financial market. global as a gold analogue haven asset.

Scahabck said the survey results showed positive numbers compared to surveys done in previous years and explained: "I remember when we started, no one knew about Bitcoin or can even remember the word 'Bitcoin'. But, from the results from the survey this year and the year before, it showed that more people have heard about cryptocurrencies and now they associate it with different concepts such as money or technology. We are still very far away, but I am eager to see more products that help the mainstream adoption."