Study finds 14% of Russians expect crypto to replace FIAT in ten years

Sentiments of endorsement reign in Russia with 14% of the population now thinking that cryptocurrencies are bound to replace FIAT in 10 years.

These are the results from a survey commissioned by Otkritie Bank which has kept a close eye on public perception and awareness of blockchain-powered currencies.

The survey was conducted between April 12 and April 16, with 1000 Russians aged 18 to 65 interviewed. The study focused on cities with population of over 100,000.

Regional support for the cryptocurrency was evident as people from the Northwest were skeptical of the practical value of cryptocurrencies, with only 8% believing in their destiny to uproot FIAT within a decade.

Moscow interestingly posted the highest number of crypto supporters, with some 21% of respondents giving a resounding yes to the question. For this to happen, though, the country will have to work out a currency that allows it to transition to digital.

A floated digital ruble may be gaining strength as diplomatic relationships between the US and Russia are at another historic-low, prompting the country's central bank to seek a way out of the US dollar's hegemony.

However, no small number of Russians are also pessimistic about a digital currency's prospects in the real world. Some 39% believe that the successful implementation of a digital currency is effectively impossible.

Another 46% believe that people should ultimately have the right to choose whether they want to use cryptocurrency or stick with the time-tested cash options.

Presently, though, the government is anti-crypto and accepting payments in digital currencies could result in a prison sentence.

In the meantime, interest in online casinos is climbing and options such as Bitcasino, 1xBit and FortuneJack are proving quite successful.

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by Barney

Co-founder

Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.

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