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08/23/2021
BitPay CFO: Crypto Here To Stay As People Have Big Incentives To Pay
PYMNTS.com
Mainstream adoption of cryptocurrency is still some way off, partly because a lack of education — especially among older consumers — saps confidence. But when it comes to spending crypto by those that already have it, BitPay Chief Financial Officer Jagruti Solanki said there are strong incentives that are just too good to ignore, a reality that will ensure it emerges as the next evolution in modern alternative payments.
Solanki sat down with PYMNTS to discuss the findings of a new survey of more than 8,000 U.S. consumers that highlighted the motives that are now compelling people to want to spend cryptocurrency.
“Many people bought crypto at a really low value way back when and they have been holding (not selling). But now, [with prices increasing back to almost 50k,] they feel like it is a good time to spend it,” she said. “Because today’s prices are great; it’s literally like they’re getting stuff for free [when they spend crypto].”
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