8.6 C
New York
Thursday, May 23, 2024
Home Challanger banks N26 reports about cryptocurrency rise among women investors

N26 reports about cryptocurrency rise among women investors

German digital bank N26 surveyed 16,030 people from its 5 largest markets in Europe – Austria, France, Germany, Italy and Spain.

Findings showed that cryptocurrencies have become the third most popular investment product, with nearly 1 in 3 women saying they invest in crypto (28%).

Read also: Danish Lunar Bank plans $146M acquisition of Instabank

Cryptocurrencies are the most popular investment product overall among women investors in Spain and among all European women aged 18–24.

Women who are not already investing but planning to, also rank cryptocurrencies as the third top product (28%), after bank products (37%) and insurances (32%).

Paula Mariani, Director of User Experience at N26, says: “This research demonstrates just how much more opportunity there is for women within the investment landscape. It’s great to see investing becoming more of a topic among women, as more of them explore ways to grow their wealth. Proactively contributing to this development by facilitating the conversation among women and creating money management and investment products that are more inclusive is an absolute priority for us at N26.”

“For instance, our user research shows that the share of women holding Bitcoins has tripled in the past three years. However, it also shows that the share of men holding Bitcoins is six times as big. There is still a lot to do and we are looking forward to building towards an investment industry that is accessible for everybody.”

According to a different report by KuCoin, 44% of Germans are “motivated to invest in cryptocurrencies to be a part of ‘the future of finance’” while over a third or “37% of German crypto investors have been trading cryptocurrencies for over a year.”

N26 bank could introduce native cryptocurrency trading later this year. Fintech companies are all the rage in recent years, with players such as Curve, N26, and Revolut entering the space, especially in Europe.

source:https://n26.com/en-eu/women-and-investing-survey

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.