Security concerns slow crypto payment adoption worldwide — Survey

Security concerns remain the biggest obstacle to the mainstream adoption of cryptocurrency payments, as increasing incidents of hacks and phishing scams continue to damage the industry’s legitimacy.More than 37% of investors identified security risks as the main barrier to using cryptocurrency for payments, according to a survey of 4,599 users conducted by Bitget Wallet as part of its latest Onchain Report shared with Cointelegraph.Still, 46% of users said they prefer crypto payments over fiat for their speed and efficiency.Source: Bitget Wallet Onchain ReportBitget Wallet has implemented multi-layered protection mechanisms to make security a “top priority” and inspire more confidence in crypto payments, according to Alvin Kan, chief operating officer of Bitget Wallet:“This includes MEV protection, which is now enabled by default across major chains like Ethereum, BNB Chain, and Solana, helping users avoid common risks like front-running and sandwich attacks source: https://cointelegraph.com/news/security-concerns-barrier-crypto-payment-adoption?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound