54% of virtual asset users, “Use consignment services provided by traditional banks”

More than half of the users of virtual assets were found to be positive in using the virtual asset consignment service that traditional banking sectors participate in.

When Pigeon Wallet recently conducted a survey of 2,894 users around the world asking’willingness to use the virtual asset consignment service that traditional banks participate in’, more than half of them showed a positive answer that 54% would use it. Of these, 38% answered that they would use it actively, and 16% answered that they would use it selectively. On the other hand, 20% of users who answered’will not use’ and 26% showed a reserved position saying’I don’t know yet’.

The answer to the questionnaire of users by country also showed a positive position in using the consignment service that traditional banking sectors participate in in most regions. In particular, in the case of domestic users, as many as 60% answered that they would use the consignment service for participation in traditional banks, showing high expectations. On the other hand, in the case of virtual asset users in the U.S., 27% said they would not use it, the highest among major countries. The opinion of active use also recorded 19%, far below the overall average, and showed relatively low confidence in the use of consignment services of traditional banknotes.

In July last year, with the news that the US Currency Supervisory Service (OCC) allowed the banking virtual asset consignment service, a regulatory environment for banks’ entry was set up. Recently, New York Melon Bank, one of the world’s largest consignment banks, announced the launch of a virtual asset consignment service, and the global investment bank Deutsche Bank also announced its consignment business plan through the WEF report. Large domestic banks are also raising expectations by notifying the news of their recent participation in the virtual asset consignment service.

Regarding this survey, Kim Eun-tae, CEO of Pigeon Wallet, said, “With the remarkable advancement of the virtual asset market, including bitcoin, the participation of the traditional financial sector is also in full swing.” The various regulations and regulatory environments that exist will have a positive effect on the participation of the traditional financial sector, which is rich in related experiences and infrastructure.”


Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.