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Comprehensive Insights from Bitget Wallet’s Onchain Report

Introduction to the Onchain Report

On March 28, 2025, SAN SALVADOR, El Salvador (GLOBE NEWSWIRE) witnessed the release of the latest Onchain Report by Bitget Wallet, a frontrunner in the Web3 non-custodial wallet space. This detailed report highlights the changing dynamics of cryptocurrency usage in global financial transactions. Notably, the study reveals that 46% of users prefer crypto payments for their speed, while 37% regard security risks as a challenging barrier. This extensive survey of 4,599 users across various demographics provides invaluable insights into how different regions and generations perceive digital currencies as viable payment methods.

Regional Trends in Cryptocurrency Adoption

The report indicates significant variations in cryptocurrency adoption across different geographical areas. In particular:

• Africa and Southeast Asia lead the charge, with 52% and 51% of users respectively expressing a preference for faster payment solutions. This trend stems largely from limited access to traditional banking systems and escalating remittance costs.
• In Latin America, 41% of users cite concerns about transaction fees, as cryptocurrency is increasingly employed for cross-border transactions.
• Conversely, in North America and Oceania, 36% of users express a desire for seamless global transactions.
• Privacy remains a significant factor in the Middle East (38%) and Western Europe (35%), while the lack of merchant acceptance (31%) continues to obstruct broader cryptocurrency use in day-to-day transactions.

Generational Perspectives on Crypto Payments

The generational breakdown of respondents presents intriguing insights:

• Gen X leads with 49% prioritizing speed in transactions, while Millennials (42%) and Gen Z (39%) focus on the appeal of borderless transactions.
• Security concerns prevail among Gen X, with 42% expressing apprehension, while Gen Z is particularly sensitive to transaction costs.

Despite younger users displaying a greater willingness to incorporate cryptocurrency into their financial activities, notable usability challenges and the lack of financial infrastructure remain significant barriers to widespread adoption.

Innovative Solutions from Bitget Wallet

In response to these challenges, Bitget Wallet has rolled out its PayFi initiatives, which are designed to integrate earning, sending, and spending functionalities into a cohesive onchain financial ecosystem. This innovative approach enables users to stake stablecoins across various blockchains, allowing them to earn passive yields while retaining full control over their assets. Moreover, users can seamlessly transact using cryptocurrency and make everyday purchases directly within the Bitget Wallet application for goods, services, and travel bookings.

By effectively merging DeFi-powered yield generation with practical payment capabilities, Bitget Wallet aims to elevate cryptocurrency from a speculative investment to a functional financial tool that individuals can incorporate into their daily lives. This transformative approach allows users to manage their entire financial journeys from one secure platform.

Expert Commentary on Security and Usability

“Crypto payments are evolving, but for mainstream adoption, security, cost-efficiency, and usability must improve,” asserted Alvin Kan, COO of Bitget Wallet. “With PayFi, we’re redefining how people interact with digital assets — ensuring every transaction not only enables payments but also contributes to financial growth. By integrating crypto more seamlessly into everyday life, we aim to make digital finance truly accessible to billions worldwide.”

The Role of AI legalese decoder

Navigating the complex world of cryptocurrencies often involves legal and compliance-related challenges. This is where AI legalese decoder can play a crucial role. By transforming intricate legal jargon into plain language, it empowers users and businesses to better understand the legal frameworks surrounding cryptocurrency transactions. This tool can assist in ensuring compliance with regulations, thereby reducing the risk of security issues and enhancing user confidence in digital assets. Incorporating AI legalese decoder into the crypto experience can facilitate a smoother transition for individuals who may be apprehensive about the regulatory environment, paving the way for greater adoption of cryptocurrency payments.

Conclusion

Bitget Wallet is positioned at the forefront of the Web3 revolution, encompassing endless possibilities within its non-custodial framework. With a user base exceeding 60 million, it offers an array of comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, and an NFT marketplace, all while supporting over 100 blockchains and more than 20,000 DApps. The integration of robust safety measures, including a $300+ million protection fund, ensures that users’ assets remain secure.

To learn more about these advancements and the potential of Bitget Wallet, visit the Bitget Wallet blog.

Contact Information

For media inquiries or further information, please reach out via media.web3@bitget.com.

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