A new survey reveals the perception of business owners and employees in wanting to integrate cryptocurrencies into their strategies and payments. From what emerges, it seems that the desire to use crypto in loans or salaries is increasing.
Crypto payments and the perception in loans and salaries for company owners and employees
The survey by Clarify Capital highlights a new emerging trend involving crypto payments and business owners and employees.
In fact, it seems that the perception of the integration of crypto when applying for a loan or when receiving one’s salary is quite positive.
The main survey data reveal that at least 1 entrepreneur out of 4 is in favor of the idea of taking out loans in crypto for their business. Not only that, by next year, 1 company out of 10 seeking funding will choose to request a loan in crypto compared to traditional ones.
For payments of compensi in crypto, almost 10% of business owners are already considering the idea, while 30% of employees have expressed their support.
These data come from a study that involved 800 American employees and 200 American business owners, to explore their perception of crypto payments.
In general, the average age of the employees was 39 years, of which 4% were baby boomers, 23% Gen X, 59% Millennial, and 14% Gen Z. On the other hand, the average age of business owners was 45 years, of which 13% were baby boomers, 37% Gen X, 43% Millennials, and 7% Gen Z.
Crypto payments: the perception for loans and salaries and the generational gap
Continuing with the survey, the data highlighted the differences in stances on crypto payments for salaries and loans based on generational affiliation.
In fact, speaking of the interest in crypto loans, it was said that 1/4 of the entrepreneurs declared themselves in favor. Of this 25% of respondents, it emerged that 50% were from GenZ, the younger entrepreneurs, born in the digital age.
For 28% and 27% there were then Millennial and GenX entrepreneurs, followed finally by the baby boomers for 15%.
Further analyzing the entrepreneurs who stated they would choose a crypto loan rather than a traditional loan, they were also asked about the type. The responses revealed that for 47% the choice would be centralized crypto loans, for 37% peer-to-peer crypto loans, and only 21% decentralized crypto loans.
On the topic of cryptocurrency compensation for employees, the more inclined entrepreneurs revealed their motivations. The most popular reasons were not wanting to rely on regular banks, but also ensuring greater privacy and security for employees.
Speaking instead of the employees, 30% who said they were in favor of receiving their salary in crypto is 39% of GenZ, 32% Millennials, 23% GenX, and 15% Baby Boomer. The survey also investigated employees on which crypto they want to be paid with. The responses show 72% Bitcoin (BTC), 43% Ethereum (ETH), 28% USD Coin (USDC), 17% Litecoin (LTC), and 15% Dogecoin (DOGE).
The growing adoption of cryptocurrencies in the construction sector
Recently, another study highlighted the prospects of crypto payments in the construction sector, revealing that adoption is increasing.
In fact, it seems that 1 contractor out of 5 has already received crypto payments for their work while 65% have expressed openness to this possibility.
In fact, 5% of contractors prefer crypto payments so much that they stated they would offer a 10% discount for customers willing to pay with cryptocurrencies.
Here the generational gap is different. In fact, when asked about the perception that crypto payments have a positive impact on the construction sector, it is the Baby Boomer age group that agrees the most, with 33% affirmative responses, compared to only 15% of Millennials and Gen Z.
