The most recent survey by YouGov shows that digital banking is becoming more popular in Saudi Arabia. 91 percent of the people who answered the survey said they prefer online banking.
Also, 86 percent of those who answered want to switch to digital banking only in the future.
KuCoin Report: 51% of Saudi Arabian
crypto investors believe crypto is the future of finance
— Blockworks (@Blockworks_) July 13, 2022
Not only has digitization changed the way banks work, but it has also helped digital currencies grow. In the past few years, the cryptocurrency market has grown quickly. More than three-quarters of Saudi Arabians (77%) say they know about cryptocurrencies as a type of asset. This shows that cryptocurrencies have raised a lot of awareness in the country.
Even though a lot of people know about cryptocurrencies, only 18 percent trade in them. People between the ages of 25 and 34 are more likely to say they trade in cryptocurrency (25%), while people 45 and older are more cautious and don’t plan to do so (37 percent ).
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