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As more and more attention is drawn to cryptocurrency, crypto users are ready to use their holdings to make every day purchases and play games, finds a new report from Bitget Wallet.
Released Monday, the report finds that, globally, 36% of respondents want to use their crypto wallets to make gaming purchases. Close behind is daily purchases, 35%, and travel bookings, also 35%.
Bitget, a Seychelles-based crypto exchange, also found that Gen Z, those born between 1997 and 2012, Millennials, born from 1981 to 1996, and Gen X, born from 1965 to 1980, are not a monolithic block when it comes to using cryptocurrency.
In gaming, 39% of Gen Z respondents want to use a crypto wallet to make gaming purchases, compared with 35% of Millennials, but only 29% of Gen X. Daily purchase options are more inline, with 36% of Gen Z, 34% of Millennials, and 35% of Gen X.
Larger differences emerge when it comes to travel transactions. Only 33% of Gen Z want to use a crypto wallet for travel, while 36% of Millennials do. This jumps to 40% of Gen X.
Bitget says Gen X wants to use crypto for larger, more traditional expenses. “They’re most likely to use it for travel (40%), digital products (36%), online shopping (36%), and even utility bills and real-estate payments. For this group, crypto is more about function and how it is a secure, stable, and borderless alternative to fiat, particularly in regions where financial systems are complex or costly,” Bitget says.
Gen Z, meanwhile, looks to social and entertainment-driven use cases, it says. “They’re engaging with crypto through fun, fast, and gamified experiences,” Bitget says, adding that Millennials look to cryptocurrency as a multipurpose tool, “one that enables convenience, savings, and access to global markets.”
