Bitcoin is getting more and more attention from the banks and exchanges but it still remains relatively unknown to consumers, we read on CoinDesk: A new survey published by Goldman Sachs has found that just over half of U.S. millennials believe they will never use bitcoin.
Fifty-one percent of the 752 survey respondents said that they had never used bitcoin nor do they have any plans to do so. Twenty-two percent said they currently use it or have used it in the past, and intend to use it again.
An additional 22% said that they have never used bitcoin before but plan on using the digital currency. Just 5% of respondents said they have used bitcoin but do not intend to use it again. The data forms part of a broader look at the financial inclinations of millennials, including how the demographic chooses financial services and how they manage money.
Among a group of payment options that included credit cards, Apple Pay and Square, bitcoin wallets scored relatively low in terms of trust. Less than 5% of respondents indicated they trust using wallet services, with Coinbase and BitPay being named directly in the survey data.
This shows that there’s still a lot to be done to make Bitcoin a more viable payment option. The survey shows that more people than not don’t really know Bitcoin or feel the need to use the cryptocurrency. Bitcoin might be becoming more popular in the sense that more people are using it and more companies are looking into the Bitcoin technology but this is still a far cry from the kind of popularity credit cards enjoy.
Of course, there might also be another angle to this sort of data. Bitcoin might create a need for cryptocurrency payments. Think “smartphones.” Did cell phone users complain about the lack
Originally appeared at: http://www.resourceinvestor.com/2015/06/26/bitcoin-trading-alert-situation-getting-tenser