More Users Turning to Crypto as a Payment Method - Accenture
Giant consulting firm Accenture’s 2022 Payments report has revealed that more users are turning to virtual assets as a payment method. This is despite the unstable condition of the crypto market over the past year. The future is digital, even for face-to-face payments,” said the report. Next-Gen Payment Options on the Rise The company took a survey of 16,000 customers in 13 countries across Asia, Europe, Latin America, and North America. Per the survey, while banks and traditional finance systems such as credit cards and fiat money are still in the lead in terms of use, digital wallets are also on a steady rise. According to Accenture, digital wallets bridge the gap between offline and online payment. This is reportedly because they often help digitize a consumer’s existing debit or credit card. 56% of the survey respondents revealed that they used digital wallets to process transactions over five times a month. Users in the Asia-pacific region were in the lead regarding th...