Survey: Nearly 15% of Brazilians consider replacing bank account functions with cryptocurrencies
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According to a survey by YouGov, an international online research data company, nearly 15% of Brazilians will consider replacing their bank account functions with cryptocurrencies, according to a News.bitcoin report. 14.7% of respondents were willing to accept this possibility, with 5.7% agreeing to make the decision, while 9% tend to agree to the arrangement. However, more than 60% still object to the use of cryptocurrency instead of banks: 39.7% absolutely disagree, and 21.7% tend to disagree with this idea.
This should be a catalyst for banks to change their business with their clients, according to David Eastman, managing director of Yougov’s Latin America operations. In the assumption that these clients do leave, this will affect the revenue of these financial institutions, cutting their substantial revenues in the process.