According to The Straits Times, more than half of cryptocurrency holders in Singapore have used digital assets for daily transactions. The latest research shows that 52% of cryptocurrency holders have started using cryptocurrency for payments, and 67% plan to use it in the future. The study found that Gen Z and millennials hold 40% of the country's cryptocurrency, mainly for online shopping, bill payment, and in-store consumption.
According to blockchain analytics firm Chainalysis, crypto transactions in Singapore approached $1 billion in the second quarter of 2024. However, 60% of users are still concerned about the complexity and security of digital assets, while 54% of holders are troubled by limited merchant acceptance.
52% of Singaporean cryptocurrency holders use digital assets for payments
2025-04-12 05:32:28
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