A quarter of Aussie crypto users plan to buy crypto Christmas gifts: Survey

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More than a quarter of Australian crypto users surveyed in October plan to use digital assets as part of their Christmas gifts this festive season.

A survey conducted by cryptocurrency wallet and service provider Crypto.com of 2020 Australians aged between 18 and 59. Among those who have used cryptocurrency in the past 12 months, 26% said they would consider giving something for Christmas or buying crypto-related gifts.

More than half, or 53% of those planning to buy cryptocurrency, said they would consider buying cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH) for their loved ones this Christmas.

The survey also showed that cryptocurrencies such as themed socks or hoodies can be popular gifts this holiday season, with 43% of those planning to purchase crypto-centric gifts saying they are looking for these items.

About 42% said they are considering buying coupons for coins, and 35% are considering buying cryptocurrency. About a third of respondents said they were considering offering non-fungible (NFT) tokens.

Recent high school graduate Justin Elsheikh, 18, from Melbourne, is planning to give a crypto gift this year. He told Cointelegraph that he plans to set up a wallet for his friends and some bitcoin to start their business.

“My friends’ stomachs have heard about cryptocurrency and they say they want to get involved, but don’t know where to start. It’s a fun and thoughtful gift idea,” he said.

“It is clear that Australians are very concerned about the use of cryptocurrencies and incorporating their use into daily spending,” said Carl Mohan, general manager for Asia Pacific at Crypto.com, before adding that Australians are “gradually increasing their use of cryptocurrency and blockchain technology.”

Related Topics: 17% of Australians Now Own Cryptocurrency, Totaling $8 Billion Between them: Poll

A September poll of 1,000 Finder respondents found that one in six Australians now own $8 billion in cryptocurrency. About 9% of Australians surveyed own Bitcoin, 8% own Ethereum and 5% own Dogecoin.

Crypto.com launched a global promotion starring Matt Damon last month.

Source: CoinTelegraph

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