26 Apr '17, 5pm

Americans Skeptical of Bitcoin, Asia Surpasses US, Europe in Fintech Investments

Finder.com has recently conducted a study to examine the current trends in the international money transfer space. Olivia Chow, the company’s Lead Researcher had a chat with Cointelegraph revealing key findings of the study. 34 percent of Americans transfer money overseas According to data collected by finder.com, 34 percent (or 84.1 mln) of Americans transfer money overseas. That is an estimated $140.1 bln last year alone, more than half amounts for mortgages, student loans and credit card debt. Another set of data reveals that while the general population seems to be embracing digital wallets for day-to-day transactions (57 percent use a digital wallet more than any other mean), 80 percent of all money transferred overseas is still done in person using cash. This is topped with a figure of 96 percent representing those who are unhappy with the level of service they recei...

Full article: https://cointelegraph.com/news/americans-skeptical-of-bit...

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