
UAE Young Adults Find Crypto Most Useful for Money Transfers
1. Globally, 42% of people think of cryptocurrencies as an investment, while 26% think of it as a waste of time and money.
2. 23% of people think of cryptocurrencies as a way to make online payments and money transfers, and 23% think of it as being associated with illegal activities.
3. In the UAE, 34% of people think of cryptocurrencies as an investment, 35% think of it as a way to make online payments and money transfers, and 34% think of it as being associated with illegal activities.
4. Among different age groups, adults between 25 and 34 years are most likely to associate cryptocurrency with money transfers while 55+ adults are least likely to do so.

Share this:
Related
More Stories
Huge Trouble’ Looming for Bitcoin and Ethereum as $10 Billion Earthquake Could Cause Price Chaos
-Bitcoin and cryptocurrencies have been left reeling by the sudden collapse of major crypto exchange FTX this month (though Elon...
Crypto needs regulation to avoid washouts like FTX, says Coinbase CEO Brian Armstrong
FTX declared bankruptcy after revelations about its business practices led to a surge of customer withdrawals, without sufficient funds to...
Slight Bitcoin Bullishness Continues Despite Market Cap Drop
The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. -However,...
Ethereum to fuel bullrun to $2,000 in coming weeks
- Ethereum's performance last week outperformed Bitcoin's by three times on the weekly chart. - Experts believe that Ethereum's burning...
JPMorgan’s Recent Experiment Proves Crypto is Here to Stay!
Ethereum was created in 2013, laying the foundation for cryptocurrency to take the largest step in its evolution since the...
tWhy Bitcoin and Ethereum Investors Are Losing Money
- Investors in Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies are losing money at a historic pace - The news...