Nearly 20% of Americans Would Prefer Crypto Over Gift Cards This Holiday Season: PayPal
The post Nearly 20% of Americans Would Prefer Crypto Over Gift Cards This Holiday Season: PayPal appeared com. A new survey finds that younger adults are leading crypto adoption for gifting and shopping. Nearly one in five Americans say they would rather receive cryptocurrency than a gift card this holiday season, according to a new survey from the National Cryptocurrency Association (NCA) and PayPal. The report, which surveyed more than 2, 000 U. S. adults, found that 17% prefer crypto over traditional gift cards, while 31% believe digital currency gifts are less likely to go unused. Moreover, nearly a quarter of adults have given or are considering giving crypto this holiday season. Among current crypto holders, nearly two-thirds (around 65%) are giving or considering gifting crypto, and half expect to receive it themselves. Consumers cited several reasons for preferring crypto as a gift: 58% believe it has potential to increase in value, 54% prefer the flexibility for spending or investing, 49% like that it avoids lost or expired gift cards, 45% consider it a more exciting gift, and 40% like the speed of sending and receiving. “The holidays highlight the power of giving, and digital currencies are quickly becoming a preferred choice,” said May Zabaneh, Vice President and General Manager of Crypto at PayPal. “Crypto makes sending gifts, paying merchants, or managing cross-border transactions faster and easier than ever.” Shopping with Crypto The survey also found that crypto use extends beyond gifting, with 23% of Americans saying they are likely to shop with it this holiday season and 19% planning to shop with crypto within the next year. Among crypto holders, 62% plan to use it for purchases. Younger adults (ages 18-54) are leading adoption, with 22% planning to gift crypto and 30% planning to shop with it, compared with just 3% among those 55 and older. The report concluded that education and clear security messaging could also increase adoption. Continue reading Nearly 20% of Americans Would Prefer Crypto Over Gift Cards This Holiday Season: PayPal