A new study by crowdsourcing insight platform Premise has highlighted the perception of digital currencies in various countries, with a significant number of people preferring Bitcoin to local currencies.
In a press statement, Premise indicated that 41% of respondents considered Bitcoin more trustworthy than local currencies. The finding points to a push by proponents that the asset should be declared a legal tender.
Furthermore, 33% of the respondents perceive BTC to be more secure than their local currency, mainly due to the decentralized aspect of blockchain technology.
Notably, the survey also highlights the status of Bitcoin as a payment option. 23% noted that they have cashed out and received payment in Bitcoin through the Premise platform, with 46% stating they converted it to local currency.