Businesses could therefore benefit from
them as a means of payment. These cryptocurrency payments are not yet considered traditional payments. You will probably need payment processing software that accepts the digital currencies most used by your customers. According to the Quebec users surveyed, the most popular virtual currencies are: Bitcoin (80%) Ethereum (50%) Dogecoin (23%) Cardano (22%) Litecoin (20%) However, SMEs should be wary of the fad effect that affects some of these cryptocurrencies. While their use has only grown since
the introduction of Bitcoin to the market in 2009 , their mainstream adoption remains relatively new. The majority of respondents based in Quebec are recent users: 30% of them have been using one or Bulgaria Mobile Number List more virtual currencies for 6 months to a year, and the same proportion (30%) has purchased or used one. or cryptocurrency(s) in the last 6 months. graphic illustrating cryptocurrency usage trends among Canadian users Tip for SMEs : Although the appeal of digital currencies is undeniable for the financial sector, they are generally decentralized and not subject to any government regulation. Their value is derived from supply, demand and speculation. The growth and decline of their value makes them volatile investments .
financial risk management software to assess the risks associated with investments made using cryptocurrencies. What motivates users to invest in cryptocurrencies? If you're wondering why trends are growing so quickly, you might be interested in the answers to our survey. Understanding the motivations of investors in digital currencies could well help companies convert them into repeat customers. According to our survey, most Canadian cryptocurrency users (58%) seem to want to generate profits above all. However, nearly 48% also value being part of an innovative and alternative movement, which may reflect their values as buyers. reasons why Canadians invest in cryptocurrencies As for the method used to make these investments, 82% of |
