More than 40% of Americans are open to the use of decentralized financial protocols (DEFI) if the proposed law is made law, according to a recent survey.
Crypto Lobby Group The Defi Education Fund (Def) Found in a survey released on Thursday that many Americans were “curious about the defi” while respondents signed a low confidence in the traditional financial system.
The survey was conducted by IPsos between August 18 and 21, with 1,321 US adults polled. Ipsos Public Affairs Vice President Alec Tyson said the study found “emerging awareness of cryptocurrency and decentralized financial because many Americans expressed failures in the current capabilities of financial institutions to deliver security, personal control and flexibility.”
40% of Americans open to defi
The polling shows that 42% said they were likely to try Defi If the proposed law was passed on to the law, it was divided between 9% saying they were “excessive or likely” and 33% responded that they were “quite likely” to try.
Congress is currently looking at bills to determine the legal status of many cryptocurrencies and determine how the country’s financial regulators are washing the sector’s policy.
Two out of five, or 40%, of respondents said “they are likely to try the defi,” with 84% of respondents who say they will use it to make purchases online.
Only 12% of those who -Survey said they were very or very interested in knowing about the DEFI, while nearly 40% believed that Defi could address the issue of high transaction and service fees on Banking and traditional finances.
“I would rather have my salary in my pocket. I don’t have to rely on any of the financial institutions, paying them the fees,” said one respondent from Queens in New York City.
The study shows the uncertainty of banks and tradfi
Def said the survey found that the trust in Traditional finances is “low throughout the board,” along with data revealing significant differences and areas of doubt throughout the financial scene.
Less than half of those who -who believe that the current US financial system meets their financial needs, while only one quarter thinks that the traditional system is designed to benefit ordinary people.
Many other Americans are interested in having “control over my money all the time,” and many are looking for ways to send or receive money without a middleman, researchers said.
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Financial and security monitoring are basic concerns, with only 29% of Americans being evaluated believing that the US financial system is safe today.
Around three-quarters of surveys agreed that the current financial system needs to be upgraded to fight new threats, such as Cybercrime o ai.
Defi still a nascent sector
“The desire for stronger security and lower transaction fees is among the leading factors that Americans are interested in Defi, and Americans believe that Defi can alleviate financial dispute points today,” concluded researchers.
Last month, the US Federal Reserve Governor Christopher Waller Says There is no “no fear” about crypto payments that operate outside the traditional banking system.
Defi is still a very nascent sector with a total amount locked in all protocols currently standing at $ 160 billion, According to In Defillrama, which is less than the capitalization of the Boeing market.
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