How Millennial's And Gen Z Are Embracing The Cryptocurrency Market
Until recently, if you lived anywhere other than San Francisco, it was possible to go weeks without hearing about cryptocurrency. Now, it’s unavoidable.
AVRPAY, one of the major players in CRYPTOCURRENCY WALLETS, says young people are most attracted to digital assets and that Gen Z has already fully embraced electronic wallet services, contactless payments, peer-to-peer (P2P) payment apps, and digital uses of credit, including buy now, pay later (BNPL).
Demand for NFTs of art, music, and in-game assets, like digital plots of land in the metaverse, risen. The past holiday season, young investors were spending big on NFTs and other digital assets as gifts to close friends and family gifting their first digital assets, including Ethereum Name Service (ENS) domains and NFTs.
Cryptocurrency for years, it seemed like the kind of transitory tech trend most people could safely ignore but its power, both economic and cultural, has become too big to overlook. Twenty percent of American adults, and 36 percent of millennials, own cryptocurrency.
The generations of social media and driverless cars are most attracted to gaming and betting on digital platforms. They are attuned to technology and are more interested in earning money without leaving home, this was found in the research Service of Regulation and Inspection of Games (SRIJ).
AVRPAY, a Global ID wallet, that all the leading betting platforms at one place, declared that it sees the novelty as a range of opportunities for those who bet and for those who work with the market. “Born in the advent or in the middle of the digital age, people belonging to these generations got used to using mobile devices for the most diverse tasks of their day-to-day, including online betting”, says Pawan Thakur, CEO of AVRPAY.
This is just one of the reasons for the higher rate of bettors among Gen Z. But AVRPAY makes it clear that online betting is for everyone, regardless of age, gender, or social class of each bettor.