NATIONAL NEWS

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

PORTO ALEGRE, BRAZIL - MAY 5:  In this aerial view, flood waters surround the Gremio Arena after he...

Eleonore Hughes, Associated Press

Floods in southern Brazil kill at least 75 people over 7 days, with 103 people missing

Authorities say massive floods in Brazil's southern Rio Grande do Sul state have killed at least 75 people over the last seven days and another 103 are reported missing.

3 hours ago

Man in tuxedo with a white beard and hair...

Brian Melley, Associated Press

Actor Bernard Hill, of ‘Lord of the Rings and ‘Titanic’ has died at 79

Actor Bernard Hill who starred in "The Lord of the Rings" trilogy and "Titanic," has died.

4 hours ago

FILE - The logo for Boeing appears on a screen above a trading post on the floor of the New York St...

Alex Veiga, The Associated Press

Boeing locks out its private firefighters around Seattle over pay dispute

Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters' union failed to deliver an agreement on wages.

21 hours ago

An illustration depicts the far side of the moon, with Earth behind it. (NASA via CNN Newsource)...

Ashley Strickland, CNN

New mission could shed light on the secrets of the moon’s ‘hidden side’

Over the past few years, competing countries have turned the moon into a hotspot for activity not witnessed since the Apollo 17 astronauts departed from the lunar surface in 1972.

1 day ago

Shug the zebra appears to be in good health after almost six days on the loose, according to local ...

Paradise Afshar, CNN

Escaped zebra captured after nearly a week on the lam

A zebra’s almost week-long Washingtonian adventure came to an end on Friday, when the animal was recaptured after escaping from a trailer on the highway, according to local authorities.

1 day ago

An SUV is stranded in a ditch along a stretch of street flooding during a severe storm Thursday in ...

Mary Gilbert, CNN Meteorologist and Joe Sutton, CNN

Evacuations ordered, homes damaged in Texas as rivers surge to Hurricane Harvey levels. And more rain is on the way

Flooding is intensifying in Texas, where more rain is expected over the weekend in the wake of strong storms and downpours that swept away vehicles, damaged homes and triggered evacuations.

1 day ago

Sponsored Articles

Side view at diverse group of children sitting in row at school classroom and using laptops...

PC Laptops

5 Internet Safety Tips for Kids

Read these tips about internet safety for kids so that your children can use this tool for learning and discovery in positive ways.

Women hold card for scanning key card to access Photocopier Security system concept...

Les Olson

Why Printer Security Should Be Top of Mind for Your Business

Connected printers have vulnerable endpoints that are an easy target for cyber thieves. Protect your business with these tips.

Modern chandelier hanging from a white slanted ceiling with windows in the backgruond...

Lighting Design

Light Up Your Home With These Top Lighting Trends for 2024

Check out the latest lighting design trends for 2024 and tips on how you can incorporate them into your home.

Technician woman fixing hardware of desktop computer. Close up....

PC Laptops

Tips for Hassle-Free Computer Repairs

Experiencing a glitch in your computer can be frustrating, but with these tips you can have your computer repaired without the stress.

Close up of finger on keyboard button with number 11 logo...

PC Laptops

7 Reasons Why You Should Upgrade Your Laptop to Windows 11

Explore the benefits of upgrading to Windows 11 for a smoother, more secure, and feature-packed computing experience.

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.

Study: More Americans Willing To Receive Cryptocurrency Rewards