According to research conducted by Ethereum Layer 2 creator StarkWare, 53% of Americans believe that digital currencies represent the future of finance. The StarkWare data report respondents also displayed high proficiency in crypto-centric terminology. 40% of participants were able to recognize terms like “Binance” and “blockchain”. Furthermore, the majority of the positive responses from the survey participants were between the ages of 25 and 34.
StarkWare’s recent survey is reflective of the growing attitude of young Americans towards digital currencies. It also clearly indicates a major shift in public perception as crypto continues to gain a footing in mainstream financial affairs. Weighing in on this trend, StarkWare president Eli Ben-Sasson said:
“It’s astounding that a system most people hadn’t heard of a decade ago is now considered the ‘future of finance.”
In addition, Ben-Sasson stated that the survey demonstrates that the globe is heading towards the “biggest financial change since the credit card.”
However, although the survey showed that younger generations are becoming more inclined towards crypto, it also revealed an apparent deficiency among several respondents. It is clear that many of the 2,000 respondents sampled are still struggling to understand the underlying blockchain technology. This may be referenced in the 36% of respondents who admitted that crypto was “simply too hard to understand.”
Notwithstanding, StarkWare CEO Uri Kolodny stated that efforts toward making crypto applications more user-friendly are necessary. Kolodny further suggested that these efforts should be on par with the blazing adoption rate of the crypto industry.
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