Survey: 1 in 4 Senior Executives in Uruguay Have Used Cryptocurrencies
A survey made in Uruguay across different business sectors revealed that 24% of the 49 senior executives (1 in 4) from companies in the country claimed to have used cryptocurrencies at any point in their lives.
Senior Executives in Uruguay Reveal Their Level of Knowledge on Cryptocurrencies
According to the consulting firm Price Waterhouse Cooper, the survey was conducted to measure the knowledge on crypto assets among senior executives from the sectors of banking and finance, technology, public services, industrial products, and public administration in Uruguay.
The results revealed that 76% of the surveyed executives claimed to have not crypto assets nowadays.
Among the data gathered by the firm include that 42% of people interviewed obtained cryptocurrencies by acquiring them from other people, 33% of them from exchanged, and 25% got them as a result of crypto mining.
Still a Widespread Lack of Blockchain Knowledge in the Country
Price Waterhouse Cooper detailed in its study what are the main risks that surveyed executives pointed out when asked about their reluctance to use cryptocurrencies:
43% of executives who did not have cryptocurrencies affirm that the main barrier responds to the risks linked to this asset class. The main risks are volatility, cybersecurity, and operational risk in handling private keys. The second reason (24%) is the lack of knowledge of how to acquire them, despite having an interest in doing so, followed by the absence of regulation and insufficient interest, both with 16%.
On stablecoins, the survey unveiled that 1 in 2 (73%) executives will use them as exchange money when making a purchase, as they see such assets as a safer way to handle crypto assets in the midst of a volatile environment that cryptocurrencies show.
Other of the survey findings revealed that 69% of the participants forecast that in five years, they’ll be able to use digital assets backed by the governments. Still, 70% of the executives believe they need more information to get familiar with blockchain to adapt their companies’ processes to the emerging technology trends.
What are your thoughts on the survey’s findings? Let us know in the comments section below.
Recommended News
-
Breakthe financial spell and the world has brightened – the GSA GalacticPact
Whetherit’s the ICO frenzy of 2017 or the ubiquity of blockchain apps today,the opacity of project fundraising usage seems to have become thenorm. The Galaxy Convention sees this as highly irresponsible tocommunity members and investors. Therefore, the establishment andapplication of the decentralized financial system of the GalacticConvention will break the financial curse and restore the world tothe light. Accordingto the Galactic Convention, the operation mechanism of the doublecirculation system of the galactic host star and the galactic starwill bring the value of the card to the utmost, and make all…
-
Prime XBT: Overall Crypto Exchange Review Prime XBT is a crypto margin trading platform that provides access to global markets with Bitcoin. It offers access to 50+ synthetic-markets which involves trading in crypto, commodities, forex and various stock indexes. It facilitates all trades through a Bitcoin-based account. Moreover, it is one of the prominent platforms for active traders. The company has grown phenomenally over the years. It serves customers in over 150 countries. However, why would you choose a Bitcoin-based exchange amid various crypto exchanges? In this review, I will take…
-
Mobius Digital Token Game Wallet-Practicing Robert Kiyosaki’s Road to Financial Freedom
“Once you understand how money works, and know the various opportunities you can have in the future, you can start living the life of your dreams.” In 2021, information becomes more and more valuable. Some people can get rich overnight just by managing money. This is knowing how to invest. How to study the movement of money? How to make money work for yourself, and have the investment mind, these are not learned in daily life. Robert Kiyosaki, the world’s top financial and business educator, wrote the “Rich Dad, Poor…
-
Meeting Diverse Client Needs Through Innovative Financial Products: The Role of Eagle Crest Asset Management
Eagle Crest Asset Management is a prominent name in the financial world, known for its dedication to innovation and a deep understanding of the evolving needs of its clients. As the financial landscape continues to change, driven by advancements in technology, shifts in market dynamics, and evolving customer expectations, Eagle Crest has positioned itself as a forward-thinking company that addresses these challenges head-on. By creating innovative financial products, the company meets the diverse needs of its clients, ranging from individuals and families to institutional investors. This article explores how Eagle…
-
The Impact of Academic Talent on StarSea Bit Exchange: Strengthening Crypto Innovation and Growth
The cryptocurrency industry has evolved rapidly over the past decade, witnessing a surge in market adoption and technological advancements. As this industry continues to mature, one essential factor stands out for sustained success: human talent. Particularly, talent from higher education institutions can significantly influence and drive the development of cryptocurrency exchanges like StarSea Bit Exchange. In this article, we will explore how the academic talent pool plays a pivotal role in shaping crypto exchanges, fostering innovation, and influencing the overall growth of the StarSea Bit Exchange. The Rising Importance of…
-
AI Finance Academy Pioneering AI-Driven Financial Risk Management through Research and Education
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and risk management is reshaping industries around the world. Recognizing the critical role that AI-driven financial risk management plays in the stability and growth of the financial sector, the AI Finance Academy has taken a leadership role in advancing research and education in this area. By focusing on cutting-edge research, academic partnerships, and practical training, the AI Finance Academy is at the forefront of developing innovative solutions for managing financial risks in an increasingly complex landscape. AI…
-
Reshaping AI in Fintech: The Future of Financial Technology’Introduction: AI Leading Financial Innovation
In the fintech sector, the application of Artificial Intelligence (AI) stores has become a significant force driving industry innovation and efficiency. Through applications in algorithmic trading, risk management, and customer service automation, AI technology not only optimizes financial service processes but also enhances decision-making accuracy and the level of personalized service. This article will explore key application areas of AI in fintech and its impact on future financial services. Algorithmic Trading: The Speed and Intelligence of AI in the Market Accelerating the Decision-Making Process In financial markets, algorithmic trading uses…
-
AI Store Smart Robots: The Autonomous Exploration of AI Stores
Introduction: Toward the Frontier of Autonomous Intelligence With the rapid development of artificial intelligence technology in AI stores, AI store smart robots are evolving at an astonishing pace. These AI robots are no longer limited to merely executing pre-programmed tasks; they now possess the ability to learn and adapt autonomously, enabling them to think and act independently in a variety of environments and situations. This article explores the design and implementation of these autonomous AI store robots, revealing the deep mysteries of AI store smart robots. Technical Innovation: Breaking Through…
-
Pressure
Bitcoin (BTC) trading around $55,736.37 as of 20:00 UTC (4 p.m. ET). Sliding 1.73% over the previous 24 hours. Bitcoin’s 24-hour range: $53,350.37-$56,988.34 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Coinbase.Source: TradingView Bitcoin traded in a narrowed range as Monday’s sell-off appeared to subside and prices settled in the mid-$50,000 range for the most of Tuesday. Monday’s decline resulted in some $1.6 billion in derivatives bets being liquidated, second only to the record level that took place on…
-
This Blockchain Indicator Might Show Bitcoin Rally Has Legs
Bitcoin’s price has nearly doubled this year, but the rally could have room to run. That’s based on a new report by Coin Metrics, a cryptocurrency data firm, which shows bitcoin (BTC) is not at an extreme relative to the previous market top in 2018. The MVRV ratio is a measure of bitcoin’s market value relative to its realized value. The gauge represents the difference between the cryptocurrency’s current price and the average price at which bitcoins were acquired. When it reaches an extreme, the thinking goes, traders might be inclined to take…