Canadians Increasingly Use Digital Assets for Everyday Transactions!

The post Canadians Increasingly Use Digital Assets for Everyday Transactions! appeared first on Coinpedia Fintech News

Canadians are increasingly seeing digital assets as legitimate for everyday transactions, according to Coinbase Canada Director Lucas Matheson. He said he expects more use cases to emerge that are “digital asset-backed” and that “everyone in our industry is excited for”. Matheson cited the growth of non-fungible tokens (NFTs) and e-commerce as areas that will be “significantly changed” by NFTs. The comments come after a Bank of Canada study showed Bitcoin ownership had declined in 2022 following regulatory hurdles. However, a report from the Ontario Securities Commission claimed over 30% of Canadians plan to purchase crypto by 2024.