50% of Non-Investors Say They Don’t Understand It Well Enough to Buy

A new report published Tuesday reveals that the lack of information remains a major obstacle to the adoption of digital assets among American consumers.

The study, commissioned by the National Cryptocurrency Association (NCA), revealed that almost 70% of the 2,000 non-Crypto holders interviewed said that they needed more information before considering using digital assets.

About half of the interviewees said they lacked the functioning of cryptography, while many others have expressed concerns about security and fraud, as well as individuals behind projects. The survey revealed that 34% of participants were open to know more about digital assets.

“Curiosity is high, but confidence is weak,” said the NCA report. “Many Non-Crypto holders are open to learning and even take measures, but feel retained by confusion, doubt and lack of information worthy of confidence.”

The NCA is led by the legal director of Ripple Labs, Stuart Alderoty. Launched in March, the non -profit association is supported with a subsidy of $ 50 million in Ripple with the aim of “Help[ing] The Americans give meaning to the crypto ”by sharing adoption stories.

The second quarter survey failed in relation to the data published by the NCA in May. The Harris survey questioned 54,000 people at the time, suggesting that around one in five American adults had a form of cryptocurrency.

In relation: 36% of generation Z spends the crypto daily; Generation X leads to high value expenses

Ripple intensifies the presence in Washington

The chief legal director of Ripple and the president of the NCA, Stuart Alderoty, described the NCA as “politically agnostic” when it was launched in March, although he and other leaders of Ripple had an active presence in Washington, DC

Alderoty and two other Ripple leaders visited the White House last week as officials to see the American president Donald Trump sign a Stablecoin bill, while CEO Brad Garlinghouse attended the inauguration in January and a cryptographic summit in March. He also testified during a July audience about the American Senate banks committee to explore a bill on the structure of the digital asset market.