Security concerns remain the biggest obstacle to the mainstream adoption of cryptocurrency payments, as hacks and phishing scams continue to damage the industry’s legitimacy.
More than 37% of investors identified security risks as the main barrier to using cryptocurrency for payments, according to a survey of 4,599 users conducted by Bitget Wallet as part of its latest Onchain Report shared with Cointelegraph.
Still, 46% of users said they preferred crypto payments over fiat for their speed and efficiency.
Source: Bitget Wallet Onchain Report
Bitget Wallet has implemented multi-layered protection mechanisms to make security a “top priority” and inspire more confidence in crypto payments, according to Alvin Kan, chief operating officer of Bitget Wallet:
“This includes MEV protection, which is now enabled by default across major ch ..Support the originator by clicking the read the rest link below.
