According to an investigation from ESET, banking products/services, like bitcoin and cryptocurrencies, are a trend that has constantly been increasing since the beginning of the Covid pandemic.
Through a press release that appeared on March 10, ESET brought vital information from a study called Worldwide FinTech. The study examined in detail a set of different topics related to the experiences of banking in terms of financial technology, security, and data privacy in a world that received several economic beats due to Covid-19 since the beginning of 2020.
The inquiry revealed that, since the start of the pandemic, 50% of participants aged 35-44 have come in full engagement with bitcoin and cryptocurrencies. In another research recently conducted by ESET, “they found an increase in cryptocurrency mining activities, following a decline after the 2018 bitcoin crash.”
The study researched banking and financial transactions habits in terms of 2,000 users in the United States and 8,000 in the United Kingdom, Australia, and Japan. Mexico and Brazil also entered the list.
There is an Increase in Cryptocurrency Mining Activity, Following a Decline Recorded After the 2018 Bitcoin Crash
Without hijacking, 66% of people feel safe when handling their fly through digital wallets. On the other hand, only 31% of people first read the applications’ terms and conditions, 30% read the privacy policies, and more than 20% review the encryption policies. Another research study points out malicious attacks, fake sites, and fraud within the world of cryptocurrencies.
As a result of the mess that the pandemic carried with, the concurrence on cryptocurrencies has become doubtful. On the other hand, financial transactions have turned into a more straightforward process than ever. Now transactions are easier to carry out through the web even when facing the publication limits.
The Use of Applications for Phones That Allow Users to Move their Currencies and Investments
This situation also increased the use of phone applications that allow users to move their currencies and investments with just a couple of clicks. The same goes for bitcoin wallets and cryptocurrencies.
This study reveals a trend around the new era of financial digitization, in which bitcoin seems to be taking on a more relevant role worldwide. Without hijacking, it should also increase the responsibility of users in the management of their financial information.
Kraken conducted a study that points out how millennials expect that a reproduction-related to part of the meeting mentioned by ESET would position them as the most significant contributors to bitcoin in the next 25 years. Thanks to the inheritance they will receive from their parents.
By: Jenson Nuñez
