Although the cryptocurrency market experienced heavy losses this year, which only increased towards the end of the year, some indicators, such as Google Trend search history, suggest that cryptocurrency is still quite popular around the world.
This fact is confirmed by a survey conducted by the Bank of England on its official Twitter page. 6,662 participants took part in the survey, the purpose of the survey was to find out what payment methods users prefer.
When asked how users would prefer to receive money for Christmas, 67% of participants chose cryptocurrency, 23% preferred cash and 8% voted for wire transfers.
Although the choice of method of receiving funds is mainly determined by what the recipient intends to use it for, for example, if to invest in cryptocurrency, then obviously, that it will be a cryptocurrency.
Firstly, cryptocurrency transactions happen faster. Secondly, the commission fees are much lower. For example, there are virtually no fees associated with transactions involving Ripple's XRP token. Last month alone, $910 million in transactions were carried out on the XRP token network.
Survey results show that if the cryptocurrency is so popular now, when the market is in a deplorable state, then it definitely has a bright future. This popularity explains why we are seeing a recovery after the bear market seemed irreversible. Many experts predict that 2019 will be a year of prosperity for cryptocurrencies.
According to zycrypto.com
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