Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Crypto introduces trust into finance

Crypto introduces trust into finance

CryptodailyCryptodaily2023/11/15 12:42
By:Laurie Dunn

A  report published by ZeroHash on Tuesday highlights the new wave of crypto adoption is being inspired by a perception of renewed trust in the sector.

Crypto went through a very challenging time in 2022 as the bull market was followed by the bear, and several leading lights in the industry were found to be wanting, as fraudulent bad actors came to the fore, leading to an all time low in trust and confidence in exchanges and other players in the crypto sector. Ryan Grace, Head of Digital Assets, tastytrade said:

“Trust is so important in crypto given the uncertainty of the nascent industry, the evolving regulatory landscape, and the perception that crypto is the ‘Wild West,’ given some industry participant’s recent failures to put customer interests ahead of their own.”

However, as 2023 has progressed the crypto industry has started to see a renewed growth in trust and optimism, with more consumers now wanting to include crypto in their portfolios.

According to the ZeroHash report , consumers are reengaging with crypto because they believe that it is here to stay, and so now, on average, three out of every four consumers kept their interest in crypto or have increased their engagement since 2022.

Crypto introduces trust into finance image 0

Source: ZeroHash Trust Report

An interesting development is that consumers put more of an emphasis on regulatory standards and safety before investing in a crypto project, with reputation one of the other foremost deciding factors.

Crypto introduces trust into finance image 1

Source: ZeroHash Trust Report

In fact, reputation was the key consideration for consumers in the US, UK, Australia, and Brazil when choosing a company to use to buy and sell crypto. Fees charged are a lesser consideration compared with reputation and regulation.

The report goes on to state that “education, reputation, and utility will drive further adoption”. It posits that “consumers simply want a solution that’s better than what they have access to today”, and crypto and blockchain appear to fit that bill.

“The best way to engender trust with consumers is to create products that work seamlessly and consistently. There is no replacement for quality service.”

Pietro Moran, Director of Crypto, Shift4.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Unstaked Goes Viral With a Massive $1M Giveaway, as Solana (SOL) Charges and Pi Network Falters

Solana’s bullish push targets a $300 billion market cap, Pi Network struggles with selling pressure, and Unstaked heats up the presale space with a $1 million giveaway as the total funds reach $9.2 million.Solana Eyes $300B Market Cap as Structural Signals ImprovePi Network Drops Further as Bearish Pressure MountsUnstaked Ignites the Presale Scene with AI Innovation & a $1M GiveawayFinal Thoughts

Coinomedia2025/06/07 17:08
Unstaked Goes Viral With a Massive $1M Giveaway, as Solana (SOL) Charges and Pi Network Falters

SHIB Drops 11% in a Week – Is Nexchain the Top Crypto Presale ICO of 2025?

While SHIB tumbles, Nexchain rises—an AI-powered blockchain presale offering 455% ROI, real utility, and top-tier scalability in 2025.Nexchain AI Blockchain: Built for the Real WorldSHIB Slips Closer to Multi-Month LowsThe Best Crypto Presale to Buy? Nexchain Could Be the One

Coinomedia2025/06/07 17:08
SHIB Drops 11% in a Week – Is Nexchain the Top Crypto Presale ICO of 2025?

Charting the Future of What Could Be the Most Popular Cryptocurrency After Hyperliquid

Qubetics is gaining momentum with a multi-chain wallet, \$17.7M raised, and 4,349% ROI potential—could it be the next Hyperliquid success story?Qubetics: Non-Custodial Multi-Chain Wallet Is a Game ChangerHyperliquid: A Massive Win for Many Early AdoptersThe Final Word: Next Most Popular Cryptocurrency

Coinomedia2025/06/07 17:08
Charting the Future of What Could Be the Most Popular Cryptocurrency After Hyperliquid