PANews reported on February 24 that according to News.bitcoin, a survey by YouGov, an international online research data company, showed that nearly 15% of Brazilians would consider replacing their bank account functions with cryptocurrencies. 14.7% of the respondents were willing to accept this possibility, of which 5.7% agreed to make this decision and 9% tended to agree to this arrangement. However, more than 60% of people still oppose the use of cryptocurrencies instead of banks: 39.7% absolutely disagreed and 21.7% tended to disagree with the idea.
According to David Eastman, managing director of Yougov’s Latin America business, this should be a catalyst for banks to change the way they do business with their clients. Assuming these clients do leave, this will impact the revenues of these financial institutions, cutting into their significant revenues in the process.
