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Cryptocurrencies Remain Unfamiliar Concept to 56% of Russians

Published 08/08/2018, 07:16 AM
Updated 08/08/2018, 08:20 AM
 Cryptocurrencies Remain Unfamiliar Concept to 56% of Russians

Although cryptocurrency and blockchain are among the most widely discussed concepts in traditional and social media, just 44% of Russians are aware of virtual money, and 31% have only a vague idea of what it is, according to a survey by Romir Research Holding.

"The survey clearly illustrates that cryptocurrencies have not become a meaningful financial instrument yet. Moreover, the cultural memory of the Russian society still reflects the painful experience of losses caused by previous rags-to-riches schemes, which results in healthy skepticism," Romir president Andrey Milekhin commented.

Those concerns are not entirel...


This article appeared first on Cryptovest

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