29 Jul '15, 6pm

Survey: Consumers Say Bitcoin More Inconvenient Than Checks

Survey: Consumers Say Bitcoin More Inconvenient Than Checks

A new survey has found that consumers believe bitcoin to be more inconvenient than traditional payment methods such as credit cards and checks. Conducted by prepaid and gift card product provider Blackhawk Network in April, the poll canvassed 1,000 US consumers, questioning them about their sentiment toward both traditional and emerging payment methods. In total, 18% of respondents reported using alternative payment methods such as Apple Pay, Samsung Pay and bitcoin within the last year. Sixty-eight percent of these consumers indicated they used the products more than they did in 2014. However, Blackhawk found that the consumer attitude toward bitcoin is still largely negative, revealing that 38% ranked bitcoin as the most inconvenient of surveyed payment methods including cash, credit cards, PayPal and checks. Checks were ranked as the second most inconvenient payment met...

Full article: http://www.coindesk.com/survey-consumers-bitcoin-inconven...

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