New research from one of the top 10 major banks in Russia, Otkritie Bank, has found that 14% of Russians think crypto will replace fiat in 10 years.
According to Russian publication Nord News, the survey was conducted between April 12 and April 16, with a sample base of 1000 Russians aged between 18 to 65 who live in cities with a population of over 100,000.
The results varied between regions, with respondents from the Northwest having the least faith in crypto — just 8% believe crypto will oust fiat in a decade, while 34% adamantly refuse to believe that crypto could replace fiat currencies for any use case.
But in Moscow, there appears to be more optimism towards crypto, with 21% of respondents believing that cash will be replaced by crypto and digital currency in the next decade. Furthermore, four out of ten believe banks will transform themselves into “digital ecosystems” in the future.
One of the key factors in