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Author Topic: [2016-11-11] One Percent of US, Chinese Digital Shoppers Pay Online With Bitcoin  (Read 372 times)
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November 11, 2016, 07:30:02 PM
 #1

Despite the large concentration of Bitcoin and other cryptocurrency related activities in China, a new report suggests that a tiny proportion of online shoppers in the world’s most populated country use the top digital currency.

The study, based on a 20-minute digital survey with a nationally representative sample of 1,000 online digital shoppers ageing 18+ in the U.S. and China, conducted between Sept. 19 and Oct. 12, 2016, says credit cards, online payment services and mobile wallet still tops the list of the most used online payment method by device among US and Chinese shoppers respectively by a large margin.

Read More: https://cointelegraph.com/news/one-percent-of-us-chinese-digital-shoppers-pay-online-with-bitcoin-altcoins

The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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November 12, 2016, 04:01:08 AM
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1% is not a tiny amount. Given the overall size of the e-commerce market, and the potential growth opportunities, the future looks bright for Bitcoin.  Smiley
It is only natural that Bitcoin's share of the overall transaction wallet increases in the future.


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November 12, 2016, 11:32:39 AM
 #3

There is no way that 1% use Bitcoin because less than 1% of online shoppers even know Bitcoin exists.  This number is total bullshit.

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November 12, 2016, 04:06:16 PM
 #4

There is no way that 1% use Bitcoin because less than 1% of online shoppers even know Bitcoin exists.  This number is total bullshit.

i agree with this and i really doubt about this number, the author said:
Quote
The research by consulting firm Hypothesis Group shows that about 1 percent of users...in the world’s two largest economies use Bitcoin or other online currency for the same purpose.
hope we will reach it soon but for the moment it is far from the reality...

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