Crypto Holders Have Doubled In Australia – Survey

Karan Balwani

September 18, 2018 4:34 pm

Cryptocurrency News

Crypto Holders Have Doubled In Australia - Survey
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A recent survey has shown that the number of Australian citizens that have assets in cryptocurrencies has doubled since January. Malta and Switzerland are usually the headliners when it comes to cryptocurrency. This time around, Australia has shown that when it comes to cryptocurrencies, the adaption and growth is fascinating. Various users, investors, and business across Australia have shown keep interest in digital assets.

Queensland is leading the efforts to promote the use of cryptocurrencies in the country. Brisbane Airport started accepting payments in crypto back in May. This made it the world’s first airport to allow crypto-based payments.

Cointree, the exchange platform, and Gobbill, the billing platform had announced in August that they were collaborating to provide virtual currency payment facilities to Australians.

Meanwhile, HiveEx recently conducted a survey which showed that the number of crypto holders has jumped significantly since 2018 began.

HiveEx had 2,000 participants in the survey carried out in January that revealed that 5 percent of the participants owned one or the other cryptocurrency. The survey was conducted once again in August and the number had jumped to 13.5 percent.

Majority of the people who bought crypto assets were for investment while others did it to avoid the ‘fear of missing out’. Some planned to save cryptos for retirement while the remaining bunch are looking to pay taxes through virtual currencies.

Up to 80 percent of the participants said that they would have no problems in using cryptocurrencies regularly if they are easy to use

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