Around 1/5 of the inhabitants has used it to purchase goods online, with online gaming at 22%, followed by clothing with 19%, and electrics with 17%.
Research shows that the population aged 18-34 were the major part of users of Bitcoin with 67%, and the majority (29%) owning between GBP 50-GBP 100 worth of the cryptocurrency.
The nation’s biggest Bitcoin users are from Sheffield 27%, London 25%, Edinburgh 22%, Newcastle 21%, Norwich 18%, Nottingham 17%, Southampton 14%, Manchester 14% Birmingham 14% and Glasgow 13%. The study also mentions that more than three quarters (78%) of British consumers prefer this payment method for purchases of GBP 10 or less.
The report is based on a sample of 500 people who are aware of Bitcoin in the UK.
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