NEW YORKâAs CUToday.info has reported, credit unions that have examined where some deposits are going have found, and in some cases been surprised, that many members are investing in crypto.
And just how many have been doing so has been confirmed by a new study which found that more than one-third of consumers between the age 18-54 own cryptocurrency, with people ages 18-34 most likely to own it (37%), followed by those age 35-54 (33%).
The study, which took place prior to the downturn in crypto values and was conducted by digital payments and software services company Cantaloupe also reveals that 67% of those who own crypto are willing to consider using it for purchases if it were linked to a mobile wallet, with an additional 19% saying they would consider using crypto linked to a mobile wallet if it were easy.
According to the same survey, only 14% of respondents reported not having used a mobile payment app in the past year.
PayPal was the most popular payment app, with 72% of respondents saying they'd used it in the last year, compared to Cash App (32%), Venmo (26%), Google Pay (21%), Zelle (20) and Apple Pay (19%).