“What is Cryptocurrency” is the Most Googled Question in the Digital Asset Space, Study Shows

Since cryptocurrency is changing the personal finance adoption, questions about what it entails have been going through the roof on Google, according to a study by Crypto Wallet, an end-to-end crypto banking and commercial solution.

Per the report:

“What is cryptocurrency is by far the most asked question, with 121,000 average monthly searches, followed by “what is crypto” with 31,000 average monthly searches, for a total of 152,000 searches each month made by people wondering about this “mysterious” asset.”


Top 10 most googled questions about cryptocurrency





what is cryptocurrency



what is crypto



how to buy cryptocurrency



why is crypto crashing



what is crypto mining



why is crypto down



why is crypto down today



how to mine cryptocurrency



how does cryptocurrency work



how to invest in cryptocurrency


Source: CryptoWallet

With cryptocurrency being a decentralized digital asset whose transactions are registered on an open ledger, the study noted that people were willing to learn about this cutting-edge technology.

A Crypto Wallet spokesperson commented:

“As the world enters a new era of personal finance and crypto is changing the way we might see money and spending, people want to be as informed as possible, either to keep up with changing times, investing actual time and effort into crypto, or just due to curiosity towards a relatively new and fascinating phenomenon.”

“How to buy cryptocurrency” was the third most googled question with 24,000 monthly searches, showing the urge for people to enter the crypto space. Based on the current bearish run in the crypto market, “why is crypto crashing” emerged fourth with 23,000 average monthly searches. The study noted:

“This question can be more topical and time-sensitive, as people might wonder what is happening within the crypto market at given times, and the reasons why a certain cryptocurrency might be crashing can vary.”

For instance, the 28-year interest rate hike by the Federal Reserve (Fed) has been one of the factors triggering a downtrend in the Bitcoin market. 

The study also acknowledged that the other common curiosities were around crypto mining and declining cryptocurrency. 

Image source: Shutterstock


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PayPal to Launch Crypto Wallet in Q3 This Year, CEO Reveals

Payment provider PayPal Holdings Inc. published its second-quarter financial report Wednesday. CEO of PayPal Dan Schulman said the company would launch a crypto wallet in the third quarter this year.

Speaking at the investor update call Wednesday, PayPal CEO Dan Schulman described the upgrade of the super app wallet as “code complete”. Per the coverage from FXStreet, PayPal Chief Executive Officer (CEO) Dan Schulman said, “a new ‘digital wallet’ product will be introduced in Q3 this year and believe that cryptocurrency will be critical to PayPal’s growth.

According to the Cointelegraph report, the new crypto wallet will feature high yield savings, early access to direct deposit funds, messaging capability, and crypto capabilities. “Each wallet would be unique, driven by advanced AI and machine learning capabilities,” Schulman emphasised.

PayPal’s owned mobile payment app-Venmo launched a new service in April to allow its clients to trade cryptocurrencies on its apps. Four hundred million active users during this quarter with US$311 billion in total payment volume, PayPal reported. The firm also said $58 billion in total payment volume for the quarter across 76 million active accounts.

The payment platform continues to expand its crypto-related business. Earlier this month, PayPal hired Jesse Spiro, a former Chainalysis head of policy and regulatory affairs, to be in charge of PayPal’s crypto division. Around two weeks ago, PayPal also strengthened its crypto function and experience to its clients. The company increased the limit of purchase of Bitcoin and other crypto-assets up to $10,000 weekly from $20,000, but also remove the annual purchase limit for qualified customers in the U.S, allowing to have more extensive accessibility on a crypto exchange. In May, senior management also revealed that the company would enable their customers to withdraw their digital assets to third parties.

Image source: Shutterstock


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