A recent survey has found that a high percentage of German participants have heard of the digital currency, bitcoin while 80 percent have stated that they know what it is or have used it in the past.
A survey by BearPointStudy has found that digital currency payment methods are on the rise in Germany. According to the results, 72 percent of respondents indicated that they have heard of bitcoin as a payment method while 80 percent stated that they know what it is or have utilized it before. PayCoins and BitShares are also doing well in the country too.
Other Payment Methods Still Ahead
Of course, while bitcoin is clearly on the rise in bitcoin other payment methods still dominate the market.
The survey found that mobile payments, which account for 13 percent, are still ahead and used significantly more in Germany compared to bitcoin. Online bank transfers account for 84 percent and PayPal is 77 percent.
However, while bitcoin is still behind other payment methods 5 percent can be considered a decent market share for the digital currency. According to BearPointStudy,