Americans Are Turning to Crypto and DeFi as Trust in Banks Drops: Research

The post Americans Are Turning to Crypto and DeFi as Trust in Banks Drops: Research appeared first on Coinpedia Fintech News

A new study by the Defi Education Fund, conducted with Ipsos, shows that many Americans are frustrated with traditional banks. People want full control over their money and the ability to transact directly with others without relying on the “middleman”.

At the same time, there is excitement about crypto and DeFi as tools that could make finance fairer, more affordable, and safer.

The research reveals that crypto is reaching a wide range of Americans.

Nearly 18% have owned or used crypto, and 22% are curious to learn more about nontraditional finance like blockchain, crypto, or DeFi. This interest reaches across all age groups, races, genders, and education levels.

1/ [