Australians plan to gift crypto for Christmas

With Christmas fast-approaching and Mariah Carey’s all-time holiday special blasting out of every speaker in proximity, Australians are getting in a festive mood with crypto-centric gifts.

According to a survey commissioned by Crypto.com, 26% of all interviewees aged 18-59, consider offering some form of crypto-related gift to their friends or family.

Out of those who have decided to turn to crypto to fulfil their Christmas gift obligations, 53% said that they would buy Bitcoin or Ethereum.

However, not all crypto gifts have to be in a digital form, 42% of the respondents who said that they would consider crypto-related gifts may be looking into merchandise, such as physical goods that somehow tie into crypto, including socks or hoodies.

Some 42% said that they would be buying coin vouchers and 35% said they would purchase crypto books. Another 29% of people who confirmed they would be buying crypto said that they were thinking about purchasing non-fungible tokens (NFTs), the latest craze in the crypto world.

Commenting on these results, Crypto.com general manager for Asia Pacific Karl Mohan said: “Australians are clearly very keen to adopt cryptocurrencies and integrate their use into day-to-day spending. […] Australians are gradually increasing their use of cryptocurrency and blockchain technology.”

In another survey by Finder back in September, the company found that one in six Australians now owns cryptocurrency of some sort, worth a total of $6.02bn. The survey used a sample size of 1,000 Australians.

Australians are also turning to recreational activities such as crypto casinos. Such casinos are available at Bitcasino, 1xBit and FortuneJack.

Source

Updated: 11/17/2021 — 17:00