Visa survey says nearly half of APAC consumers open to using stablecoins by 2031
Source: CoinDesk ·
From the source
Visa’s survey of 14,250 people found interest in stablecoin payments is growing, though only 6% of respondents correctly understood how they work. There is growing consumer interest in the Asia-Pacific (APAC) region in using stablecoins for everyday spending, travel and cross-border transfers, according to a new survey conducted by Visa (V). The payments giant said it found that nearly half of APAC’s 2.5 billion consumers are open to start using fiat-pegged cryptocurrencies within the next five years. "We're seeing a meaningful shift in how consumers across Asia Pacific think about stablecoins," said Nischint Sanghavi, head of digital currencies at Visa’s APAC division. Sanghavi explained that although consumers have limited knowledge of stablecoins, they are increasingly interested in adopting them. About half of the 14,250 people Visa surveyed said they believed stablecoins could only be used to buy or sell other cryptocurrencies. The study found that 46% of consumers interviewed…