Over 50% of Singapore Singapore Souritors now use it for payments: Triple

More than half of the holder in Singapore uses digital property for payments as the crypto property climbs at 26%, reveals the survey.

More people in Singapore are the owner and use of cryptocurlency, especially for payments, time times reportsstating a new survey crypto payment firms. The data show that in 2024. year in 2024. increased by 26% in 2024, more than 24.4% in 2023. years.

Among these owners, about 52% said they used crypto to pay for goods and services, while 67% said it was planning more often that they use it more often.

Younger crypto owners, like Gen ZS and Millennium from 16 to 44 years, leads to adoption as about 40% of them keep the crypto. Within this group, over 41% use it for online purchases, while almost 36% for account payments and 27% for the store purchase, data is displayed.

Older users, these 45 years of age and older, make use of CRIPTO more for peer transfers. Among them, almost 43% percent used to send funds to friends and family, while 35.7% are used for online purchases and more than 17.2% for account payments.

Despite the high rates of use of crypto for payments, the challenges remain. The report notes that the complexity involved in the use of crypto was a top challenge, which stated 63% of respondents, followed by security to 60% and lack of acceptance of traders 54%.

In February, crypto.news export This metro in Singapore brands are planned to accept Stablecoin payments both in the store and online via Metro Mall. The seller is a pre-partner with local CRIPTO payments to DTCPAI to support transactions using stablecoins such as Tether’s USDT (USDTT) and the circle (USDC).