Millennials Adopting Crypto is on the Rise
November 16, 2018. In a research done by Mr. Deidre Campbell, Global Chair of Financial Services at Edelman and reported on the New York Post, more millennials are now adopting the use of cryptocurrency. This age group is now using it as a preferred long-term investment.
According to the report, more than 25% of millennials own a cryptocurrency by either holding it or using the digital token itself.
“Anyone that has crypto tells me they wish they bought it sooner,” – Deidre Campbel, Global Chair of Financial Services
Another reason why millennials are choosing cryptocurrency is that of the traditional banks’ outdated models in terms of investing for young investors. Several studies also noted that some of them do not trust banks in handling their money.
This is also applicable in the Philippines as major banks require depositors a minimum maintaining balance to keep the account open. With a minimum amount at around PHP 5000 and more, this will cut the number of Filipinos who want to own an account. This is why remittance companies like M. Lhuillier and Palawan express come in.
It is important to note that several banks as well, with pushing from the Bangko Sentral ng Pilipinas (BSP), are now also supporting low minimum amount savings accounts.
These remittance companies let its customers send money nationwide without the need of a bank account. This led to an increasing popularity of e-money apps, like Coins.ph, which, incidentally is also a crypto wallet. By August 2018 the wallet captured 5 million subscribers nationwide. According to the company’s CEO and Co-Founder, Mr. Ron Hose, Coins.ph is targeting 20 million users by 2020.
In May 2018, another research was made by consulting firm Research and Tech Lab (RTL) that says overseas Filipino workers (OFWs) and millennials are embracing the use of cryptocurrencies. Out of its 100 respondents, 24% of which are OFWs in Saudi Arabia. Half of the respondents are aged 31 to 40 years old.
In terms of cryptocurrency popularity, bitcoin continues to have the top spot. According to a survey conducted by Blockchain Capital. Millennials, which comprise the ages 18 – 34 revealed their preference in bitcoin over, among other things – traditional financial assets.
CBD For Dogs
[…]although web sites we backlink to below are considerably not associated to ours, we feel they may be actually really worth a go as a result of, so possess a look[…]
Every as soon as in a though we decide on blogs that we read. Listed below would be the most up-to-date sites that we pick.
sex education facts
[…]Every when in a though we choose blogs that we study. Listed below are the newest websites that we select […]
g spot sex toys
[…]just beneath, are various totally not related sites to ours, on the other hand, they may be certainly worth going over[…]
how to use a stretchy penis ring
[…]The info talked about in the report are a number of the ideal out there […]
adam and eve female vibrator
[…]Wonderful story, reckoned we could combine several unrelated information, nonetheless actually worth taking a search, whoa did one particular find out about Mid East has got a lot more problerms as well […]
1xbit deposit bonus
[…]although websites we backlink to below are considerably not associated to ours, we feel they are essentially really worth a go by means of, so possess a look[…]
[…]that could be the finish of this write-up. Here you will locate some sites that we assume you will appreciate, just click the hyperlinks over[…]
best in ottawa
[…]the time to study or pay a visit to the material or internet sites we’ve linked to beneath the[…]
vyasa vidya peethom
[…]usually posts some extremely interesting stuff like this. If youre new to this site[…]
[…]although websites we backlink to beneath are considerably not related to ours, we feel they may be essentially really worth a go via, so have a look[…]
ruger gp100 for sale
[…]here are some hyperlinks to web-sites that we link to due to the fact we consider they are really worth visiting[…]
[…]usually posts some very interesting stuff like this. If youre new to this site[…]
russian children’s books
[…]although sites we backlink to beneath are considerably not connected to ours, we really feel they may be actually really worth a go by means of, so have a look[…]
[…] Find More Info here on that Topic: bitpinas.com/news/study-millennials-adopting-crypto-rise/ […]
uganda safari murchison falls safari
[…]Sites of interest we have a link to[…]
Thc juul pods
[…]please take a look at the internet sites we stick to, including this a single, as it represents our picks from the web[…]
[…]that would be the finish of this article. Right here youll discover some internet sites that we feel youll value, just click the links over[…]
Chihuahua Puppies For Sale near me
[…]Sites of interest we have a link to[…]
cockatoo for sale near
[…]The information and facts mentioned inside the article are several of the top obtainable […]
WHERE TO BUY MESCALINE
[…]usually posts some very exciting stuff like this. If youre new to this site[…]
Somerville Primary School
[…]Sites of interest we’ve a link to[…]
[…]Here is a great Blog You might Obtain Intriguing that we Encourage You[…]
waterproof sex toys
[…]one of our guests not too long ago encouraged the following website[…]
[…]The information and facts mentioned inside the write-up are some of the top offered […]