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Articlestellar.orgStellar Development Foundation and Wirex4y ago

2022 research reveals high awareness and growing cross-border use of cryptocurrency in four key markets

SDF and Wirex survey of nearly 10,000 consumers across US, UK, Mexico, and Singapore shows 81% crypto awareness and 45% have sent crypto internationally, with 52% viewing crypto as valid alternative to traditional remittances.

RemittancesEmerging MarketsFinancial Inclusion
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The Stellar Development Foundation and Wirex released survey results from nearly 10,000 consumers in four markets showing high cryptocurrency awareness (81%) and growing adoption for cross-border payments. Key findings: 45% of respondents have already sent crypto to another country, 52% see crypto as valid alternative to traditional remittances, and 53% felt they overpaid in fees using traditional international transfer methods. The research dispels myths about crypto adoption, revealing real utility in emerging markets. Main barriers to adoption remain volatility concerns (63%), security fears (55%), and complexity. SDF and Wirex are launching initiatives to increase awareness and education about blockchain utility for cross-border transactions.

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The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of the Stellar ne…

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