ING Bank has conducted a new statistical study on cryptocurrencies in 13 European countries, the USA and Australia. It aimed to establish the level of education of the public regarding this industry, as well as the attitudes of the participants regarding the future of cryptocurrencies.
According to the study, Turkey, Romania and Poland occupies the first three places regarding optimism regarding the future of this new financial system.
The Turks expressed 62% positive feelings, and the Romanians ranked second with 44%. Poles are optimistic about the future of cryptocurrencies by 43%, while the most pessimistic Austrians are 13%.
Low level of education, high optimism
However, the level of education regarding cryptocurrencies is quite low – only 13% of the respondents answered correctly the 5 questions that evaluated their level of knowledge.
For example, 73% of participants in statistics believe that cryptocurrencies are controlled by a central authority or do not know how to respond.
However, those who do not know much about cryptocurrencies are the most optimistic. When it comes to the role of cryptocurrencies as the future of online payment systems and investments, those with an advanced level of crypto education are less positive. Only 32% believe that this payment system will be adopted en masse in the future, down three percent from the similar study last year.
Overall, 35% of respondents expected the value of cryptocurrencies to increase in the next 12 months.
One of the curious findings was that Europeans are very cautious about sending money through social media. When asked about using Facebook, Twitter or Instagram as a payment platform, 66% of Europeans answered yes. Even in Turkey, the use of Facebook or other social media for payments has a relatively low approval rate, with 43% of respondents against the idea.
About 15,000 people, 1000 from each participating country, responded to the ING Bank study.
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