Study: More Americans Willing To Receive Cryptocurrency Rewards

May 19, 2021, 2:35 PM | Updated: 2:48 pm

SALT LAKE CITY, Utah – Tesla founder Elon Musk’s recent appearance on Saturday Night Live brought up a lot of questions about the origin of cryptocurrency and even our own understanding about how money works in the first place.

“This is as mainstream as it gets. Almost everybody is familiar with them but what they think cryptocurrencies are for, that’s when it starts to vary,” said Andrew Gretchko with rewards and cashback website Coupon Cabin.

Gretchko said they just conducted a survey and more than 30% of respondents told them crypto is the future of money and innovation.

Even if they don’t understand how it works, people want cryptocurrency available as part of an online rewards program.

“It looks like people are starting to kind of turn the corner and 44% say they would be willing to receive those rewards in cryptocurrency,” he said.

And American’s attitudes toward cryptocurrency are changing as companies begin accepting digital money just like regular digital money backed by central banks and governments.

BitCoin might be the one cryptocurrency everyone talks about, but 6,700 cryptocurrencies can be publicly traded, making the question of the currency’s future that much more confusing

So if you want to get in on the financial frenzy different sites like Tech Republic and The College Investor offer these as the best apps for the novice cryptocurrency trader:

Binance boasts the largest number of trades while CoinBase claims to have bank-level security for your transactions.

RobinHood is well known by this point for its investing platform, which includes cryptocurrency.

SoFi has more traditional banking operations, stocks and crypto, and rounding out the top five would be Gemini.

These apps require anywhere from a dollar to $50 as part of the initial investment opening an account

Values of cryptocurrencies go up and down just like stocks, sometimes after a tweet from Elon Musk and some come into existence as a joke, as Dogecoin did.

You can buy, sell and trade this digital piece of cyberspace, but there’s always a risk involved.

KSL 5 TV Live

National News

Ryan O'Neal
circa 1975: American actor Ryan O'Neal, star of the 1970 tearjerker 'Love Story'. (Phot...

Dan Heching, CNN

Ryan O’Neal, star of ‘Love Story’ and ‘Peyton Place,’ dead

Oscar-nominated actor Ryan O’Neal, star of several landmark films including “Love Story” and “Paper Moon,” has died at age 82.

3 hours ago

NASA astronaut Frank Rubio checks tomato plants inside the International Space Station in October 2...

Jackie Wattles, CNN

Tomato lost in space by history-making astronaut has been found

Perhaps nowhere in the universe is a fresh, ripe tomato more valuable than on the International Space Station, where astronauts live for months at a time subsisting mainly on prepackaged, shelf-stable goods.

4 hours ago

FILE - President Joe Biden's son, Hunter Biden, leaves after a court appearance, July 26, 2023, in ...

Lindsay Whitehurst, Associated Press

Hunter Biden is indicted on 9 tax charges, adding to gun charges

Hunter Biden has been indicted on tax charges in California as a special counsel investigation into the business dealings of President Joe Biden’s son intensifies against the backdrop of the 2024 election.

4 hours ago

KinectAir makes use of "empty leg" repositioning flights which would normally not carry passengers....

Julia Buckley, CNN

Uber-style private airplane trips are here – and flights cost from $111

KinectAir aims to make the skies friendlier to regular people dipping their toe into the world of private planes.

5 hours ago

Las Vegas police stand near the scene of a shooting at the University of Nevada, Las Vegas, Thursda...

Elizabeth Wolfe, Taylor Romine and Jay Croft, CNN

‘Target list,’ ammo and conspiracy theories: Authorities reveal details on UNLV gunman

The 67-year-old career college professor who fatally shot three faculty members this week at the University of Nevada, Las Vegas, kept a “target list” of faculty at the school and elsewhere.

9 hours ago

(L-R) Dr. Claudine Gay, President of Harvard University, Liz Magill, President of University of Pen...

Collin Binkley, AP Education Writer

Harvard president apologizes for remarks on campus antisemitism

The president of Harvard University has apologized for her remarks at a congressional hearing on antisemitism, saying she got caught up in a heated exchange and failed to properly denounce threats of violence against Jewish students.

9 hours ago

Sponsored Articles

Stylish room interior with beautiful Christmas tree and decorative fireplace...

Lighting Design

Create a Festive Home with Our Easy-to-Follow Holiday Prep Guide

Get ready for festive celebrations! Discover expert tips to prepare your home for the holidays, creating a warm and welcoming atmosphere for unforgettable moments.

Battery low message on mobile device screen. Internet and technology concept...

PC Laptops

9 Tips to Get More Power Out of Your Laptop Battery

Get more power out of your laptop battery and help it last longer by implementing some of these tips from our guide.

Users display warnings about the use of artificial intelligence (AI), access to malicious software ...

Les Olson

How to Stay Safe from Cybersecurity Threats

Read our tips for reading for how to respond to rising cybersecurity threats in 2023 and beyond to keep yourself and your company safe.

Design mockup half in white and half in color of luxury house interior with open plan living room a...

Lighting Design

Lighting Design 101: Learn the Basics

These lighting design basics will help you when designing your home, so you can meet both practical and aesthetic needs.

an antler with large horns int he wilderness...

Three Bear Lodge

Yellowstone in the Fall: A Wildlife Spectacle Worth Witnessing

While most people travel to this park in the summer, late fall in Yellowstone provides a wealth of highlights to make a memorable experience.

a diverse group of students raising their hands in a classroom...

Little Orchard Preschool

6 Benefits of Preschool for Kids

Some of the benefits of preschool for kids include developing independence, curiosity, and learning more about the world.

Study: More Americans Willing To Receive Cryptocurrency Rewards