Security concerns are still the biggest obstacle to the prevailing adoption of encrypted currency payments, as breakthroughs and fraud continues to be destroyed in the destruction of the legitimacy of the industry.
More than 37 % of investors have set security risks as a major barrier to the use of encoded currency for payments, According to To a survey included 4,599 users conducted by Bitget Wallet as part of the latest onchain’s latest report with CointeleGRAPH.
However, 46 % of users said they prefer coding payments over Fiat for their speed and efficiency.
Source: Bitget Wallet Onshain Report
Bitget Wallet has implemented multi -layer protection mechanisms to make security a “top priority” and inspire more confidence in encryption payments, according to Alfin Kan, CEO of Operations at Bitget Wallet:
“This includes MEV protection, which is now enabled virtual via major chains like ETHEREUM, BNB Chain and Solana, which helps users avoid common risks such as front and sandwich attacks.”
“We have also presented the discovery of the smart mandate via our Getshield engine, which actively wipes smart contracts, DAPPS, and URL addresses for the harmful behavior mark before users signed anything.”
Bitget Wallet operations are supported by a 300 million dollar user protection fund as an additional layer of confirmation in the case of “loss of assets due to platform problems”.
Fears about the safety of pushing the encryption by the region. Source: Bitget Wallet Onshain Report
Security concerns were afflicted with the industry, especially since the emergence of a new type of hunting attack known as poisoning or wallet storage, which involves deceiving victims to send their digital origins to the fraudulent addresses that belong to the fraudsters.
The victims of the poisoning fraud in the title were deceived in sending more than $ 1.2 million from money to the fraudsters in the first three weeks of March.
KAN said that while Gen X users cite safely as great interest, Gen Z users give priority to combating use and cost efficiency.
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Africa and Southeast Asia are applying to pay the encryption
The Bitget Wallet report found that 52 % of African respondents and 51 % of the respondents in Southeast Asia showed interest in encryption payments, driven by high transfers and limited bank access.
Interest in encryption payments by area. Source: Bitget Wallet Onshain Report
To help the unpleasant areas in the world, Bitget Wallet offers simplified on board with a non -trustee port that does not require a traditional bank account, adding:
“With the support of more than 130 Blockchain and Stablecoins, users can easily send and receive value worldwide, using assets that maintain purchase strength.”
He added: “Ensuring local support on the slopes and support Multichain that users can benefit from Crypto without the need to know a deep technology or central platforms.”
Related to: The encryption safety will always be the “Cat and Mouse” game – Exec wallet
In Latin America, the costs of high transactions associated with traditional wired transfers are the main factor that drives users to adopt encryption payments, he was.
The average transfers fees these reached 7.34 % during the year 2024 if it includes the transfer of the bank account, According to To Statista.
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