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Survey shows that 67% of Canadians want to get paid in crypto by 2027

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In Canada, receiving cryptocurrency payments is becoming popular. According to a recent Capterra poll of 1,000 Canadians, 67% of those polled want to receive payment in cryptocurrency in the next five years.

One out of every four participants already owns cryptocurrency. With 58% starting their crypto journey during the pandemic lockdowns. When they had more time to explore and learn about digital assets. 37% of those polled stated they intend to purchase cryptocurrency in the near future.

The study discovered that Bitcoin (BTC) and Ether (ETH) are still the most popular cryptocurrencies among the respondents who use them. Aside from Bitcoin and Ethereum, Dogecoin (DOGE), Litecoin (LTC), and Cardano (ADA) are among the most popular cryptocurrencies.

Crypto use is also more prevalent among younger groups, according to the survey findings. 34% of cryptocurrency owners are between the ages of 18 and 22. And 41% are between the ages of 23 and 35.

While many people are enthusiastic about cryptocurrency, others are more cautious. Non-crypto users are being prevented from using digital assets, according to the report. According to the survey, 64% hampered by a lack of crypto expertise. 44% are concerned about crypto disappearing, and 40% are concerned about price swings.

While interest is growing, study analyst Tessa Anaya believes the future is still uncertain. “While concepts like a blockchain-based economy and the implementation of Web3 are swiftly gaining traction, the reality is that the future of crypto in Canada remains uncertain,” she said.

Meanwhile, small and mid-sized firms in nine markets, including the United States and Canada, are preparing to take crypto payments, according to data.

Crypto salaries are becoming a popular way to attract young talent

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