Cryptocurrency payments are still at an undeveloped stage, but the trend of receiving and accepting payments in cryptocurrency, especially Bitcoin, is on the rise. Celebrities, including athletes and politicians, are at the forefront of this movement. The most recent addition to this list is UFC heavyweight champion Francis Ngannou. He is all set to receive his fight night purse in Bitcoin with the help of Cash App. Ngannou will join a long list of sports stars and public figures to receive paychecks in Bitcoin. However, the movement did not restrict itself among the super-rich. Even the average income citizen now wants to receive payments in Bitcoin. A new Capterra survey reveals that 67% of Canadian citizens are eager to be paid in Bitcoin and other cryptocurrencies.
The survey also revealed various interesting stats about crypto adoption. 25% of all surveyed individuals own Bitcoin or other cryptocurrencies. 58% of all crypto investors said that their investment journey began during the Coivd-19 pandemic. The survey also ranked cryptocurrencies that have the highest circulation in Canada. After Bitcoin and Ether, Dogecoin, Litecoin, and Cardano are the most popular among investors. Younger sections of the population are evidently more invested in cryptocurrencies. 34% of all investors are aged between 18 and 22. Moreover, 41% are aged between 23 and 35. Those who expressed disinterest in entering the crypto space cited unawareness as the main reason (64%). 44% claimed that crypto might disappear entirely, and 40% claimed that market fluctuations keep them away from the market.