In the United States, crypto is appealing to the unbanked

The US Federal Reserve is interested in the profile of cryptocurrency users.

Who Are Americans Buying Cryptocurrencies and How Do They Use Them? For the first time, the American central bank (Fed) has looked into the question, in its annual study devoted to the economic health of American households, “Economic Well-Being of US Households in 2021”.

Serious studies on the subject are still rare. Despite a fairly small sample – only 12% of Americans owned or used cryptocurrencies in the previous year – some findings are interesting. If buying cryptocurrencies remains above all a matter for relatively “well-to-do” households wishing to diversify their savings, using them as a means of payment is more widespread among low-income households, often far from the banking system.

In 2021, an overwhelming majority of digital currency holders bought them with an investment perspective. Only 2% of them say they have used a cryptocurrency to buy something or make a payment…

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