MANLEY, New South Wales, Australia—Shoppers want new ways to pay, including prepaid cards, spread payments and try-before-you-buy but are less keen on using cryptocurrencies, a new report indicates.
The Intrapay study shows direct debit, debit cards and credit cards remain the most popular method of purchasing goods online, but demand is falling in favor of alternative payments, including prepaid cards, bank transfers and mobile payments, Tamebay reported in its analysis.
Despite all the hype around cryptocurrencies such as Bitcoin, fewer than 2% of consumers have used cryptocurrencies and only 6.5% wish to use it to buy items online in the future, Tamebay said.
“The results suggest that consumer demand for cryptocurrency, both now and in the future, falls well short of hype within the Bitcoin bubble. Consumers are currently more than seven times more likely to buy something online with a prepaid card than via cryptocurrency, and more than twice as many would like to use prepaid cards in the future, rather than the volatile digital currency,” the news outlet stated.