Survey: 1 in 4 Senior Executives in Uruguay Ever Used Cryptocurrencies

Survey: 1 in 4 Senior Executives in Uruguay Have Used Cryptocurrencies

A survey made in Uruguay throughout totally different enterprise sectors revealed that 24% of the 49 senior executives (1 in 4) from corporations within the nation claimed to have used cryptocurrencies at any level of their lives.

Senior Executives in Uruguay Reveal Their Level of Knowledge on Cryptocurrencies

According to the consulting agency Price Waterhouse Cooper, the survey was carried out to measure the information on crypto belongings amongst senior executives from the sectors of banking and finance, expertise, public companies, industrial merchandise, and public administration in Uruguay.

The outcomes revealed that 76% of the surveyed executives claimed to haven’t crypto belongings these days.

Among the info gathered by the agency embody that 42% of individuals interviewed obtained cryptocurrencies by buying them from different individuals, 33% of them from exchanged, and 25% received them on account of crypto mining.

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Still a Widespread Lack of Blockchain Knowledge within the Country

Price Waterhouse Cooper detailed in its examine what are the principle dangers that surveyed executives identified when requested about their reluctance to make use of cryptocurrencies:

43% of executives who didn’t have cryptocurrencies affirm that the principle barrier responds to the dangers linked to this asset class. The principal dangers are volatility, cybersecurity, and operational threat in dealing with non-public keys. The second cause (24%) is the lack of understanding of methods to purchase them, regardless of having an curiosity in doing so, adopted by the absence of regulation and inadequate curiosity, each with 16%.

On stablecoins, the survey unveiled that 1 in 2 (73%) executives will use them as alternate cash when making a purchase order, as they see such belongings as a safer solution to deal with crypto belongings within the midst of a unstable setting that cryptocurrencies present.

Other of the survey findings revealed that 69% of the contributors forecast that in 5 years, they’ll have the ability to use digital belongings backed by the governments. Still, 70% of the executives imagine they want extra info to get accustomed to blockchain to adapt their corporations’ processes to the rising expertise developments.

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What are your ideas on the survey’s findings? Let us know within the feedback part under.

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