Only 2.3% of Americans in Survey Trust Bitcoin Transfers Overseas
Mar 31, 2015 at 11:56 a.m. UTC
:format(webp)/downloads.coindesk.com/arc/failsafe/placeholders/16x9.png)
Only 2.3% of Americans would trust bitcoin to send funds overseas in an emergency, according to a new survey by the Digital Currency Council.
By contrast, 30.3% of the 750 "regular Americans" sampled would trust their banks to make international transfers.
23% of the people surveyed said that they would use Western Union, whilst 22% thought Paypal was more trustworthy.
would be used by 6% and the Postal Service by 10% of those questioned.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/2LPLPIBKFBBS3BBWT3GALDKOKU.png)
Commenting on the results, David Berger, CEO of the Digital Currency Council, which runs a series of 'Pulse Reports' on public perceptions of digital currency, said:
STORY CONTINUES BELOW
He concluded that earning consumers' trust would be critical to driving the widespread adoption of bitcoin.
Interestingly, 37.2% of those surveyed said that they would not trust any of the aforementioned money transfer options.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)