Most UK citizens are interested in cryptocurrency loans

English Aug 4, 2021

British citizens have recently revealed a growing appetite for cryptocurrencies like Bitcoin and Ethereum, as many see the sector as a viable alternative to traditional banks.

According to a recent survey, a sizable portion of respondents (41%) pointed to long-term investing and stable returns as their main motivation for investing in cryptocurrencies, while nearly the same number (39%) said they are likely to use currencies. for cheaper and faster international shipments.

At the same time, more than half of respondents (51%) indicated that they would be interested in using cryptocurrencies as collateral to obtain loans.

Other possible use cases for cryptography include the ability to get a return on investments through staking on proof of participation (PoS) blocks and borrowing through decentralized finance platforms (DeFi).

Earlier this year, a survey conducted by the UK's Financial Conduct Authority (FCA) showed that cryptocurrency users in Britain are growing dramatically in numbers - it is estimated that up to 2.3 million of the country's adult population own assets. and appear to be very confident in the potential of cryptocurrencies as an alternative investment vehicle.


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.