Bitget Wallet releases "On-Chain Report": 46% of users seek crypto payment speed, security remains primary concern
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Bitget Wallet releases "On-Chain Report": 46% of users seek crypto payment speed, security remains primary concern
This global study, based on survey data from 4,599 users, provides an in-depth analysis of perspectives on crypto payments across different regions and generational groups, revealing their potential for growth and the challenges they face in achieving mainstream adoption.
Navigating Web3 tides with focused insights
Global leading Web3 wallet Bitget Wallet has released its latest "On-Chain Report", revealing that 46% of surveyed users prefer using crypto payments for faster transactions, while 37% identify security risks as the main barrier. Based on survey data from 4,599 users worldwide, this global study provides an in-depth analysis of attitudes toward cryptocurrency payments across regions and generations, uncovering both their potential and the challenges to mainstream adoption.
Regional trends show Africa (52%) and Southeast Asia (51%) lead in demand for fast payments, primarily due to limited banking access and high remittance costs. In Latin America (41%), where crypto payments are widely used for cross-border transactions, users are particularly sensitive to transaction fees. Meanwhile, North America and Oceania (36%) prioritize seamless global payment experiences, while the Middle East (38%) and Western Europe (35%) see adoption driven by privacy concerns. However, a shared challenge across all regions is limited merchant acceptance (31%), which hinders the use of crypto payments in daily spending.
Generational analysis shows Generation X (49%) places greater emphasis on payment speed, whereas Millennials (42%) and Gen Z (39%) favor frictionless cross-border transactions. Security is the top concern for Generation X (42%), while Gen Z (36%) is more sensitive to transaction fees. Although younger users are more willing to integrate cryptocurrencies into everyday financial activities, usability challenges and insufficient financial infrastructure remain core obstacles to broader adoption.
To address these issues, Bitget Wallet has launched its PayFi initiative, integrating yield generation, transfers, and spending into a seamless on-chain financial ecosystem. Users can stake stablecoins across multiple blockchains to earn passive income while maintaining full control over their assets, conduct smooth transactions via crypto payments, and directly pay for daily expenses, services, and travel bookings within the Bitget Wallet app. By combining DeFi-powered yield generation with real-world payment use cases, Bitget Wallet is transforming cryptocurrencies from speculative assets into practical financial tools, enabling users to manage their entire financial journey on a single platform.
"Crypto payments are evolving, but for mass adoption, improvements in security, cost-efficiency, and usability are essential," said Alvin Kan, Chief Operating Officer at Bitget Wallet. "With PayFi, we're redefining how people interact with digital assets, ensuring every transaction isn't just a payment—but also a step toward financial growth. We aim to bring the benefits of digital finance to billions globally through smoother crypto integration."
For more information, visit the Bitget Wallet website.
About Bitget Wallet
Bitget Wallet is a globally leading one-stop Web3 wallet with over 60 million users worldwide. It offers various wallet types including mnemonic-based wallets, passwordless MPC wallets, and AA smart contract wallets, supports integration with hardware wallets, and currently covers more than 100 major public blockchains, hundreds of EVM-compatible chains, and over 500,000 crypto assets. As the preferred choice for discovering new assets and capturing emerging opportunities in Web3, Bitget Wallet features Swap trading, smart market data, Launchpad, inscriptions, NFTs & DApps, earn programs, and payment capabilities—all powered by aggregated liquidity from hundreds of leading DEXs and cross-chain bridges. Bitget Wallet has established a comprehensive security framework and provides a $300 million risk protection fund.
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