Nearly 15% of Brazilians would consider using cryptocurrency as a substitute for bank account functions

ChainCatcher news, according to News.bitcoin, a survey by the international research data company YouGov shows that nearly 15% of Brazilians would consider using cryptocurrency as a substitute for their bank account functions. Among the respondents, 14.7% are open to this possibility, with 5.7% agreeing to make this decision and 9% leaning towards agreeing with this arrangement. However, over 60% still oppose using cryptocurrency as a substitute for banks: 39.7% strongly disagree, and 21.7% tend to disagree with the idea.

According to David Eastman, Managing Director of YouGov's Latin America operations, this should serve as a catalyst for banks to change how they do business with customers. If these customers do indeed leave, it will impact the revenues of these financial institutions, significantly cutting into their income in the process.