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67 Percent of Cryptocurrency Owners Willing to Use It for Purchases in a Mobile Wallet According to New Cantaloupe Inc. Survey
86 Percent of Consumers Report Using a Payment App in the Last Year MALVERN, Pa.--(BUSINESS WIRE)-- More than a third of consumers between the age 18-54 own
About this update from Cantaloupe, Inc.
[{"type":"text","content":"\n86 Percent of Consumers Report Using a Payment App in the Last Year\n\n MALVERN, Pa.--(BUSINESS WIRE)--\nMore than a third of consumers between the age 18-54 own cryptocurrency according to a recent study by Cantaloupe, with people ages 18-34 most likely to own it (37 percent), and individuals 35-54 (33 percent) trailing only slightly. Further, 67 percent of those who own crypto are willing to consider using it for purchases if it were linked to a mobile wallet, with an additional 19 percent saying they would consider using crypto linked to a mobile wallet if it were easy. Cantaloupe Inc. (Nasdaq: CTLP) is a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220104005011/en/67 Percent of Cryptocurrency Owners Willing to Use It for Purchases in a Mobile Wallet According to New Cantaloupe Inc. Survey\nThe news comes as adoption and usage of mobile payment apps is growing. According to the same survey, only 14 percent of respondents reported not having used a mobile payment app in the past year. Paypal was the most popular payment app with 72 percent of respondents saying they’d used it in the last year, compared to Cash App (32 percent), Venmo (26 percent), Google Pay (21 percent), Zelle (20 percent) and Apple Pay (19 percent).\n\n“With the popularity and ownership of cryptocurrency growing, it is critical that retailers find ways to accept this new form of payment, and the easiest way may be through mobile wallets,” said Sean Feeney, CEO of Cantaloupe, Inc. “It’s not hard to imagine a world where cryptocurrency is being used to make everyday purchases using a mobile phone, whether that is at a vending machine, in a store or online. Our research shows that the needle is moving quickly, consumers are more comfortable paying with mobile apps than ever before, and it’s time for the retail industry to be ready to meet expectations of consumers who prefer crypto for payment, and begin to accept it.”\n\nAdditional findings include:\n\n\nCryptocurrency Ownership Skews to Affluent: 41 percent of respondents who earn more than $100K a year own cryptocurrency, compared to 24 percent of those who earn less.\n\n\n55+ Less Likely to Use Cryptocurrency Linked ...