PEOPLE | Sep 29, 2021 | WOZINGA NEWS
Young Spaniards Thinking of Making Crypto Investments – Survey
- Over a third of young Spaniards surveyed (38%) are considering investing in cryptocurrency.
- El Corte Inglés, the Spanish retail giant, rushed through an application for some BTC-related brands earlier this year.
By Elah Mae Ariate Wozinga Staff
Over a third of young Spaniards surveyed (38%) are considering investing in cryptocurrency.
According to a new survey, those who avoid traditional banks are far more likely to use bitcoin (BTC) and altcoins.
According to Crypto News, the survey was conducted by the Spanish neobank Rebellion. They asked an unspecified number of people between the ages of 25 and 40 if they planned to “invest in cryptocurrencies in the coming months.”
Over 27% young Spaniards believes crypto assets are “The Future of Payments”
The firm stated that 21 percent of respondents said they had already made crypto purchases. Only 19 percent of those surveyed saying they had bought stocks or paid into pension programs.
Furthermore, “cryptocurrency investors increased to 43 percent among young people who bank with neobanks.” According to the media outlet, several neobanks in the country already provide crypto buying and selling services.
As previously reported by Crypto News, Rebellion entered into a partnership agreement with the BitPanda crypto trading platform in May of this year. It began by providing bitcoin and ethereum (ETH) services. It has since added trading options for alternative coins such as litecoin (LTC).
However, some of those polled expressed reservations about cryptocurrency. “Reliability” was a source of concern for 23% of respondents. While only 27% of those polled thought cryptocurrency was a “good investment.” Furthermore, 17% of respondents said they know “nothing about” cryptocurrency.
Regardless, 27 percent agreed that crypto assets are the “future of payments.”
Large Firms in the county may work on crypto related services
Sergio Cerro, the CEO of Rebellion, claimed that the survey proved that cryptocurrency was a “player” who would play a key role “in the future” of finance.
“The payments world is changing, and it is up to us to decide whether we want to be a part of it or not. It’s only a matter of time before large institutions and organizations start accepting them as payment.”
El Corte Inglés, the Spanish retail giant, rushed through an application for some BTC-related brands earlier this year. It suggests that larger-name companies in the country may be developing crypto-related services behind closed doors.