Security concerns slow crypto payment adoption worldwide — Survey

Bitget Wallet’s latest report found that 37% see security concerns as the biggest obstacle to crypto payment adoption.

Security concerns remain the biggest obstacle to the mainstream adoption of cryptocurrency payments, as increasing incidents of hacks and phishing scams continue to damage the industry’s legitimacy.

More than 37% of investors identified security risks as the main barrier to using cryptocurrency for payments, according to a survey of 4,599 users conducted by Bitget Wallet as part of its latest Onchain Report shared with Cointelegraph.

Still, 46% of users said they prefer crypto payments over fiat for their speed and efficiency.

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