Most Canadians Willing to Be Paid in Digital Assets
Two-thirds of Canadians have agreed to be paid in crypto.
According to a Capterra survey, 67% of Canadians are interested in being paid in crypto in the next five years. A total of 1.008 Canadian citizens over the age of 18 were surveyed.
The researchers also found that 25% of respondents own cryptocurrencies, 58% of whom purchased them during the pandemic. Another 37% plan to buy crypto in the foreseeable future.
Among the most popular digital assets, respondents named:
- Bitcoin (BTC) — 81%;
- Ethereum (ETH) — 48%;
- Dogecoin (DOGE) — 28%;
- Litecoin (LTC) and Cardano (ADA) — 18%.
Canadians aged between 23 and 35 (41%) are the most active crypto users, followed by Canadians aged between 18 and 22 (34%). The respondents highlighted the following among the main motivating factors for acquiring cryptocurrencies:
- opportunity to make a profit — 58%;
- belonging to the innovative community — 48%;
- support of decentralization philosophy — 44%;
- privacy of financial transactions — 29%;
- independence from the banking system — 26%.
The key barriers that are keeping people from buying digital assets, respondents named lack of knowledge in this area (64%), fear of crypto disappearing (44%), and their high volatility (40%).
