French workers turn to crypto, as 20% prefer to receive salaries in it

Despite the previous year of implosions and the cluster of hacks and scam schemes dominant within the crypto space, a recent survey reveals that 20% of French residents are likely to invest in cryptocurrencies.

The survey was part of a broader study by Ethereum-based software technology company ConsenSys. The recently-released study, dubbed “Global Survey on Crypto and Web3,” highlights data from YouGov and provides updated insights on global crypto reception.

The France-specific study surveyed over 1,000 French residents between the ages of 18 and 65 from April 26 to May 10. The study reveals that one out of five respondents announced plans to invest in cryptocurrencies. This translates to 20% of the participants.

You might also like: France seeks way for fast-track crypto licenses as EU approves MiCA

With such an encouraging number of participants considering cryptocurrency investments, this suggests a growing interest and potential for increased adoption of digital currencies in France.

When queried on their past and present crypto holdings, the majority of respondents, about 77%, disclosed that they had never purchased crypto assets in the past and did not own any. 

However, 12% noted that they purchased crypto and currently own some assets, while 11% confirmed that they bought some cryptocurrencies in the past but currently do not own any. 

The latest report from crypto payment gateway provider Triple A reveals that 5% of residents in France owned cryptocurrencies in 2022. This translates to over 3.4 million individuals. Moreover, about 67% of the French residents surveyed by Triple A have an income higher than €300,000.

The recent ConsenSys study further underscores this growing interest in digital assets among residents in France. The study highlights that cryptocurrency is widely popular in France, with 90% of respondents affirming that they have heard of it.

The majority of respondents, about 50%, disclosed that they had purchased bitcoin (BTC) in the past, while 36% revealed that they had bought ethereum (ETH). In addition, most respondents believe the crypto industry should be regulated.

Read more: Binance reportedly under investigation in France for alleged money laundering
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