Customers want to pay with crypto? Yes, apparently 💳 🤔; Amazon pushes deeper into payments & takes on Shopify with ‘Buy With Prime’ 👀; A fund for creators from a neobank for creators 💸🤯
Good Morning FinTech, 22 April
Good morning Everyone,
And happy Friday! The week is over, but money never sleeps they say 💸 Hence, today’s 3 FinTech stories are about the three different yet very important shifts happening today in the financial technology space and broader global environment. So without further ado, let’s jump straight into the good stuff:
Customers want to pay with crypto? Yes, apparently 💳 🤔
New data 📊 US crypto owners are increasingly using their digital currencies to make purchases online and in-store, according to an April PYMNTS survey.
More about this 👉 Here are the key takeaways from the survey:
Almost 30% of crypto owners said they had bought something online with their digital assets in the last month.
More than 21% of holders made an in-store purchase using crypto.
25% of crypto owners said they preferred merchants that accept crypto.
Nearly 30% of consumers who hold or have held crypto in the last year said they would switch merchants if it meant they could pay with the digital assets.
If we take the above data as a representative, it might indicate a shift in consumer habits. Here’s the takeaway: