27 Feb '15, 9pm

Study: US Consumers Feel Bitcoin More Secure than Mobile Payments

Study: US Consumers Feel Bitcoin More Secure than Mobile Payments

A new survey shows that US consumers believe payments made with bitcoin are safer than those conducted using mobile wallets or apps. The report, published by Chicago-based Walker Sands Communications , focuses on changes in retail payments behavior, particularly as it pertains to digital transaction methods. Ultimately, it found that 3% of respondents said that they consider bitcoin to be the most secure form of payments, compared to 1% for mobile phone or wallets. The study was conducted using a sample group of 1,400 consumers. The report said: "Consumers consider mobile wallets and apps the least secure form of payment, even ranking behind cryptocurrencies such as bitcoin." Cash ranked highest on the list of trusted payment methods. Fifty-six percent reported that they prefer cash over alternative payment methods, compared to 22% for credit cards and 18% for debit cards....

Full article: http://www.coindesk.com/study-consumers-find-bitcoin-tran...

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