Ziglu research reveals people plan to give cryptocurrencies as presents this Christmas

By Joy Dumasia

Ziglu conducted a nationwide study and found around one in 10 adults would consider giving Cryptocurrency as a Christmas present to family and friends. A quarter of them (25%) will be doing so this year. The average value of crypto people can expect under the Christmas tree is around £120. However, one in 12 crypto givers are planning on gifting more than £200.

Men are more likely to enjoy a crypto present at 41% compared with 28% of women, and younger people will also be more receptive. Around 43% of 18-24-year-olds would be happy, rising to 48% of 25 to 34-year-olds going as high as more than half (51%) of 35 to 44-year-olds. Don’t entirely rule out all older relatives as 19% of over-65s would be happy with crypto.

Ziglu, which enables customers to buy and sell a range of cryptocurrencies, has launched a free gifting service for customers on the website, allowing them to send crypto in any amount from as little as £1. Ziglu is entering every customer who gifts crypto from now until 15th Feb into a prize draw for a chance of winning £2,000 in a cryptocurrency of their choice.

Its research found more than 3.2 million, around 6% of the adult population, have received crypto as gifts, with around half being given a stake in Bitcoin and half accepting other cryptocurrencies. Its study found that 61% of people admit they find it difficult coming up with original Christmas present ideas and that half of adults will be giving cash or vouchers to some or all of the people they buy for.

Mark Hipperson, Founder and CEO of Ziglu, said: “Cryptocurrency is definitely a cool and an original Christmas present and a unique alternative to giving cash, which offers people the chance of a speculative investment while learning about digital assets. It is fascinating to see that so many people would consider giving crypto for Christmas and that so many would be happy to receive.”

IBS Intelligence reported that Ziglu is expanding its foreign exchange service with the launch of its market-leading fee-free US dollar account, helping tourists and business travellers to spend without being hit by currency exchange charges.