More than half of UK adults would be very interested in taking out a loan by using crypto holdings as a guarantee, according to new research.

The study commissioned by Coinbase, which surveyed 2000 Brits ‘somewhat familiar' with cryptocurrencies, also found that 39 per cent were likely to use crypto to send money abroad or receive money from outside of the UK from friends and family.

A further 41 per cent of Brits said that the key motivation for investing in crypto is long-term investment and stable return

“The future of cryptocurrencies is directly linked to their utility and we are therefore hugely encouraged by these findings,” said Marcus Hughes, managing director, Europe at Coinbase. “We can see that the attitudes of British consumers towards cryptocurrency have transformed significantly in the last few years, with many now considering adopting cryptocurrency as an alternative method to execute traditional banking functions including transactions and loans.”

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