Úno 14

13% Have Used Bitcoin to Buy Stuff Online: Kaspersky Labs Study

Researchers at cybersecurity firm, Kaspersky Labs say one-in-ten people have now used Bitcoin and other cryptocurrencies to make purchases online. Also, data from Bitcoin directory service platform, Coinmap shows that businesses accepting Bitcoin have surged by more than 700 percent within the last six years.


Online Retailers Accepting Bitcoin

According to a survey by Kaspersky Labs, about 13 percent of people have used cryptocurrency as a payment method. The study collected responses from more than 12,000 consumers in 22 different countries.

The results of the survey show that crypto use is still the least popular method with 81 percent of respondents saying they used credit/debit cards for online purchases. However, the implication of having 13 percent of people across multiple countries using Bitcoin is profound from an adoption point of view.

13 percent of people have used Bitcoin

Commenting on results, Vitaly Mzokov of Kaspersky Lab said:

Despite a fall in cryptocurrency prices, there is still a strong desire for digital transactions amongst consumers. Our consumer research has found that 13% of people have used cryptocurrency as a payment method, which was surprising to see.

Cryptocurrency prices fell by more than 80 percent in 2018. However, a fraction of internet shoppers seem to have no problems using virtual currencies. More importantly, online retail outlets aren’t shying away from accepting cryptos.

These results also counter the mainstream narrative that cryptos fund no utility in the online retail arena. Critics like JPMorgan would have people believe that merchants aren’t accepting BTC and crypto’s only appeal comes via risky speculative investments.

Bitcoin Acceptance Continues to Grow

Concerning the pace of BTC acceptance, data from Coinmap shows that businesses that accept Bitcoin across the globe have increased by 702 percent since December 2013.

Global Bitcoin Acceptance Heat Map

According to Coinmap, there are now 14,346 venues that accept BTC as against 1,789 recorded almost six years ago.

Coinshares CEO, Ryan Radloff, showed this massive increase in BTC acceptance over the past five years in a tweet posted on Tuesday (February 12, 2019). With increasing adoption in countries like Ecuador and Venezuela, the BTC acceptance heat map for the north of South America looks a lot different than it did six years ago.

Reports show that these avenues aren’t restricted to online shopping platforms as brick-and-mortar establishments like Montessori schools and high-end restaurants are also adopting crypto payments. In stores across the United States, Europe, and Asia, the sign “Bitcoin accepted here,” is becoming less of a novelty.

Have you used Bitcoin to pay for goods and services online? Share your experiences below!


Images courtesy of Kaspersky Lab, Coinmap.org, Twitter (@RyanRadloff), Shutterstock

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Čvc 31

Industry Report: No Bitcoin Crime Goes Unpunished

Source: bitcoin

Bitcoin Industry Report

A bitcoin buyer is robbed, the latest game to pay in digital currency, and new initiatives for fighting ransomware are set forth. Want to catch up on your latest digital currency news? Take a look below.

Also read: Industry Report: Bitcoin Fraud Never Works

BITCOIN ROBBERY

A bitcoin buyer has undergone quite a scare after being robbed at knifepoint. 32-year-old Steve Manos of Lake Worth, Florida set out to take part in what he thought was a routine bitcoin sale last Sunday in a nearby parking lot. The thieves, whom Manos had done business with before, held him at knifepoint in the street before making off with the $28,000 USD he had brought for the respective purchase.

While unable to chase the thieves down, Manos later provided the phone number he used to contact the men before to the local sheriff’s office, which was able to arrest one of the burglars. 34-year-old Andre Allen now faces charges of armed robbery, burglary, and battery, and is being held in a Palm Beach County Jail.

TAKARA

Bitcoin-collection game Takara is giving Pokemon Go a “run for its money.” The new game is earning attention from bitcoin enthusiasts everywhere, who have the opportunity to collect cryptocurrency, as well as “tokens representing coupons, tickets, loyalty points, company stocks.”

Players follow a GPS map, which shows various locations where tokens have been “dropped.” Users can pick up these tokens only if they answer very specific questions, usually regarding the locations housing the tokens. The game has recently added support for Counterparty assets, which means players can pick up an essentially unlimited variety of tokens during their travels.

RANSOMWARE

Private and public party members such as Kaspersky Lab, Intel Security, and the Dutch National Police are joining forces to combat ransomware attacks.

Known as “No More Ransom,” the initiative is a means to bring groups together to battle ransomware and make it hard for cyber-criminals to prey on Internet users and finance magnates by “outsmarting them.” Criminal investigation director Wilber Paulisson of the Netherlands explains:

“We, the Dutch police, cannot fight against cybercrime and ransomware alone… This is a joint responsibility of the police, the justice department, Europol, and ICT companies, and requires a joint effort.”

The initiative is providing four decryption platforms that can allegedly stop up to two dozen forms of different ransomware. Nearly 30,000 attempts have been halted worldwide thanks to their combined strength.

Know of any stories that should be included in our regular industry reports? Post your thoughts and comments below!


Image courtesy of makikomi.jp.

The post Industry Report: No Bitcoin Crime Goes Unpunished appeared first on Bitcoinist.net.

Industry Report: No Bitcoin Crime Goes Unpunished

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