Almost a quarter of Quebec adults have bought or sold

Almost a quarter of Quebec adults have bought or sold cryptocurrency

Nearly a quarter (22%) of Quebec adults have bought or sold virtual currency, also known as “cryptocurrency,” according to a NETendances survey released Wednesday by Laval University’s Academy of Digital Transformation (ATN).

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The results of the survey show that the percentage of adults in Quebec who have already bought or sold virtual currency is 43% for respondents aged 25-34 and 47% for those aged 35-44.

Awareness of cryptocurrency is higher among men (82%) who are more familiar with this virtual currency than women (60%).

Adults under the age of 55, college graduates, and those with combined annual family income of $100,000 or more know more about the topic.

More and more young people are using mobile banking apps

The survey also shows that half (49%) of Quebec adults who own mobile devices have used their financial institution’s mobile app to deposit a check sent from a photo in the past 12 months.

Mobile deposit usage is more pronounced among Quebecers aged 25-44, a group where this proportion reaches 65%. In general, about 45% of Quebecers use mobile payment on their smartphone. This use reaches 83% among 18-24 year olds, 74% among 25-34 year olds and 67% among 35-44 year olds.

A majority of respondents prefer to use the Internet to check their account balance and conduct transactions (73%), conduct banking transactions such as bill payments and transfers (71%), compare offers from financial institutions (60%), buy or sell stocks (54th %) or to purchase a credit card (50%). The survey was conducted between May 4th and May 30th, 2022 with 1,027 adults.