Bitget Wallet's Onchain Report: 46% Favor Crypto Payment for Speed, but Security Concern Slows Adoption
Bitget Wallet , a leading Web3 non-custodial wallet, has released its latest Onchain Report , exploring the key factors influencing crypto payment adoption across regions.
The global study, based on a survey of 4,599 respondents, revealed that 46% of users surveyed prefer crypto payments for speed, while 37% cite security risks as a key barrier.
Regional adoption trends show that Africa (52%) and Southeast Asia (51%) lead in demand for faster payments, driven by limited banking access and high remittance costs. Across regions, limited merchant acceptance (31%) continues to be a major barrier, preventing crypto from being a widely used everyday payment method.
Generational differences reveal that Gen X (49%) prioritizes speed, while Millennials (42%) and Gen Z (39%) favor borderless transactions. Security concerns are highest among Gen X (42%), while Gen Z (36%) is more sensitive to transaction fees. While younger users are more willing to integrate crypto into their daily financial activities, usability challenges and a lack of financial infrastructure remain key hurdles for broader adoption.
The main driver in Western Europe is the speed and efficiency of crypto transactions with 37% of respondents favoring it. The ability to transfer funds quickly without the delays associated with traditional banking systems is a significant advantage, particularly beneficial for international transactions, where conventional methods can be slow and costly.
Additionally, the study reveals that 35% of surveyed individuals are drawn to cryptocurrencies primarily for the privacy and anonymity they offer in transactions. This interest aligns with a growing desire for financial discretion, especially as digital payments become more prevalent.
From the main drivers, the potential for value appreciation over time attracts 30% of surveyed Western European users to cryptocurrencies. With traditional investment avenues offering limited returns, many see crypto assets as a viable alternative for wealth growth, bolstered by the increasing mainstream acceptance of digital currencies.
Despite the advantages, security risks remain the main barrier in the region with 39% of surveyed Western Europeans apprehending potential hacks and fraud. Furthermore, 29% surveyed individuals are wary of the limited acceptance of cryptocurrencies among merchants and service providers, creating a gap between growing interest and practical utility of digital currencies for everyday transactions. Lastly, 28% of surveyed Western Europeans are concerned about the irreversibility of transactions if sent to the wrong address.
“Western Europe is one of the largest crypto economies in the world, and this study confirms their attraction for the tangible benefits of crypto, knowing speed, efficiency and privacy. The strong interest in value appreciation also highlights the growing recognition of digital assets as a legitimate investment avenue. However, the study also highlights the critical need to address security concerns and expand merchant acceptance for mainstream adoption.”, said Alvin Kan, COO of Bitget Wallet. “The market must prioritize building trust and usability to bridge the gap between interest and widespread adoption. By integrating crypto more seamlessly into everyday life, Bitget Wallet aims to make digital finance truly accessible to billions worldwide."
For more details, please visit Bitget Wallet blog.
Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users' assets. Experience Bitget Wallet Lite to start a Web3 journey.

Sureshkumar45y
2025/03/15 13:33
$ADA
Cardano, the blockchain platform behind ADA, has been making waves in the cryptocurrency market with its robust and scalable infrastructure. As the project continues to evolve, it's essential to understand Cardano's roadmap for success and how it will impact the future of ADA.
Cardano's Roadmap: A Phased Approach
Cardano's roadmap is divided into five distinct phases, each with its own set of objectives and deliverables:
1. *Byron*: The foundation phase, which focused on establishing the core blockchain and wallet infrastructure.
2. *Shelley*: The decentralization phase, which introduced stake pool operators and increased network participation.
3. *Goguen*: The smart contract phase, which enabled the deployment of decentralized applications (dApps) on the Cardano network.
4. *Basho*: The scaling phase, which will focus on improving network performance and capacity.
5. *Voltaire*: The governance phase, which will introduce a voting system and treasury management.
Key Developments and Milestones
Several key developments and milestones will contribute to ADA's success:
- *Hydra Layer 2 Scaling Solution*: A scalability solution that will enable faster and more efficient transactions on the Cardano network.
- *Cardano Node v.1.35.3*: A node update that will improve network performance and stability.
- *Smart Contract Optimization*: Ongoing optimization of smart contract functionality to improve dApp development and deployment.
- *Partnerships and Collaborations*: Strategic partnerships with other blockchain projects and organizations to drive adoption and growth.
The Impact of Cardano's Roadmap on ADA
The successful implementation of Cardano's roadmap will have a significant impact on ADA:
- *Increased Adoption*: Improved scalability, security, and usability will drive adoption and increase ADA's market share.
- *Enhanced Ecosystem*: A thriving ecosystem of dApps and services will create new use cases and drive demand for ADA.
- *Improved Governance*: A decentralized governance system will ensure that the Cardano network is community-driven and adaptable to changing market conditions.
The Future of ADA
As Cardano continues to evolve and improve, ADA is poised for significant growth and adoption:
- *Short-Term Predictions*: ADA's price is expected to fluctuate in the short term, influenced by market trends and adoption rates.
- *Long-Term Predictions*: ADA's long-term potential is significant, driven by Cardano's robust infrastructure, growing ecosystem, and improving governance.
Conclusion
Cardano's roadmap for success is a comprehensive and phased approach that will drive ADA's growth and adoption. As the project continues to evolve and improve, ADA is poised to become a leading cryptocurrency in the market.
References:
[1] Cardano. (n.d.). Roadmap.
[2] Cardano. (n.d.). Cardano Node v.1.35.3.
[3] CryptoSlate. (n.d.). Cardano News and Updates.