Survey: Less than 3% of Canadians have used cryptocurrency payments in the past two years

Canadians have long preferred to pay with cash and bank cards in 2022 and 2023, according to an annual survey by the Bank of Canada. However, the use of some alternative payment methods has increased overall over the past decade, but less than 3% of Canadians use Bitcoin or other cryptocurrencies for daily payments for two consecutive years. Among many other alternatives to cash and credit cards, most Canadian respondents prefer to use electronic transfers. On the other hand, cryptocurrency remains the least popular payment method in Canada. In 2022, 2.2% of respondents used cryptocurrency for payment, and this proportion grew to 2.5% in 2023. (Cointelegraph)