Security concerns slow crypto payment adoption worldwide — Survey
Security concerns remain the biggest obstacle to the mainstream adoption of cryptocurrency payments, as increasing incidents of hacks and phishing scams continue to damage the industry’s legitimacy.
More than 37% of investors identified security risks as the main barrier to using cryptocurrency for payments, according to a survey of 4,599 users conducted by Bitget Wallet as part of its latest Onchain Report shared with Cointelegraph.
Still, 46% of users said they prefer crypto payments over fiat for their speed and efficiency.
Source: Bitget Wallet Onchain Report
Bitget Wallet has implemented multi-layered protection mechanisms to make security a “top priority” and inspire more confidence in crypto payments, according to Alvin Kan,…
