Cryptocurrencies are now one of the most talked about technological shifts of recent times, with new companies announcing regularly that they are either going to start accepting them for their goods and services, or even going to start paying their employees with them.
With this uptake and increasing global acceptance of cryptocurrencies, we wanted to find out what percentage of people would accept them as part or all of their salary. From interviewing 1,000 people, we found that 31% WOULD be happy to be paid in a cryptocurrency.
So, how do the numbers break down? The current landscape of Bitcoin ownership shows that 90% of those with them are male. Therefore, it’s largely unsurprising that males are more likely to answer ‘yes’ to our survey. However, we found that 25% of women are interested in cryptocurrencies, they just may not own any yet.
There were also some surprising results within age groups. As expected, the most interested age group for being paid in cryptocurrencies were between 25 - 34 years old, leading the charge with 33%. This steadily decreased as respondents were older. However, those in the 65+ age group were more likely to answer ‘yes’ than those in the age group below, 55 - 64 years old.
During our investigation, we also wanted to find out what percentage of income people would be interested in receiving in this new form of currency. The majority here were on the risk-averse side, with 37% answering between 1 -20% of their income, favouring the majority of their income be paid in fiat money. The numbers again slightly decreased until we approached the higher end of the scale, where a total of 15% answered that they would be interested in 80 - 100% of their income as a cryptocurrency, demonstrating that the higher end if the scale is dominated by people ‘all-in’ on the new wave of currency.
For more information, have a read through our infographic below.