Consumers Warm Up to Digital Assets for Everyday Purchases

Cryptocurrencies and stablecoins are slowly making their way into everyday commerce, but acceptance and trust remain major hurdles. According to a report from PYMNTS Intelligence and Paymentology, consumers show growing interest in using digital assets for purchases.

The report found that 77% of consumers would open a crypto or stablecoin wallet through an existing banking or FinTech app. This suggests that banks and FinTechs can add digital asset capabilities to relationships that already carry trust without requiring customers to enter unfamiliar financial territory.

Linked cards, which convert digital assets at the point of sale and send transactions over established card networks, can also widen acceptance. The report found that 71% of stablecoin holders would use a linked debit card to spend their assets.