A Southeast Asian payments survey commissioned by Visa shows the increasing shift to a cashless society. Two thirds of survey respondents showed an interest in using crypto for payments.
Visa canvassed a willingness to use cryptocurrency for payments, with almost two thirds of Southeast Asian consumers saying they’re interested. Leading the group was Thailand, with an 85% interest in crypto for payments, followed by Vietnam, the Philippines and Indonesia. While Thailand might be the keenest on crypto for payments, it imposed a ban on using digital assets for payments in March of this year.
The leading motivations for using digital assets for payments are convenience and novelty, followed by the potential to earn rewards.
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