When it comes to paying for goods and services, Bitcoin is among the least convenient options for US shoppers, observes new research released Tuesday by Blackhawk Network, a prepaid and payments company.
The study – “How America Pays in 2015: Traditional, Digital and Mobile Convergence in Payments” – surveyed more than 1,000 American adults to explore how they pay today and how they feel about traditional and emerging payment methods.
Asked to choose the most convenient methods of payment, respondents listed as the top three options cash (93 percent), credit cards (92 percent), and PayPal (90 percent), while Bitcoin (38 percent) and checks (35 percent) were considered the most inconvenient.
Despite cash being considered the most convenient payment method, its use is in decline, according to the survey. Along with checks, cash dropped the most in use in the past year. 18 percent of respondents said they are using alternative methods of payment, such as Bitcoin, mobile wallets, Apple Pay, Samsung Pay, and