However, 46% of users stated that they prefer crypto payments over fiat due to their speed and efficiency.

Bitget Wallet Strengthens Security Measures

Bitget Wallet has implemented multi-layered security measures to boost confidence in crypto payments. MEV protection is now enabled by default on major chains like Ethereum, BNB Chain, and Solana, preventing front-running and sandwich attacks.

Additionally, the GetShield engine actively scans smart contracts, DApps, and URLs to detect malicious activity before users sign transactions.

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To further ensure asset security, Bitget Wallet has established a $300 million user protection fund to cover losses due to platform-level issues.

Emerging Crypto Scams Threaten Security

New crypto scams, such as wallet poisoning, have become a major security concern. Scammers trick victims into sending funds to fraudulent wallet addresses, leading to over $1.2 million in stolen funds in the first three weeks of March.

Survey findings also indicate:

• Gen X users are most concerned about security, while
• Gen Z users prioritize ease of use and lower transaction costs.

Africa and Southeast Asia Lead Crypto Payment Adoption

Bitget Wallet’s report found that Africa and Southeast Asia are the most crypto-friendly regions.

• 52% of African respondents and
• 51% of Southeast Asian respondents showed interest in using crypto for payments.

High remittance costs and limited banking access are key drivers of crypto adoption in these regions.

Bitget Wallet facilitates access to crypto payments by offering non-custodial wallets that do not require traditional bank accounts. With support for 130+ blockchains and stablecoins, users can send and receive digital assets globally while maintaining purchasing power.

Crypto Payments Surge in Latin America

In Latin America, high remittance fees drive users toward crypto payments. As of 2024, bank-based remittance fees averaged 7.34%, making crypto a cost-effective alternative.

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The post Are Security Concerns Slowing Down the Adoption of Cryptocurrencies? appeared first on Coin Engineer.

Institutional Investors Remain Cautious

According to Farside Investors, the outflows reflect institutional investors’ cautious stance toward Trump’s executive order signed on March 6, which established a national Bitcoin reserve but did not mandate direct Bitcoin purchases. This disappointed the market.

Alvin Kan, COO of Bitget Wallet, stated, “While Trump’s order acknowledges crypto’s role in global finance, the lack of fresh purchases disappointed investors.”

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Key Details

On March 6, Trump signed an executive order to create a strategic Bitcoin reserve and a digital asset stockpile. Initially, these reserves will include assets seized by law enforcement and through legal proceedings.

On March 7, Bitcoin’s price dropped over 2%, according to Google Finance data. Additionally, CME data showed more than a 2% decline in Bitcoin futures contracts.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Trump’s Bitcoin Reserve Plan Triggers $370M ETF Outflows appeared first on Coin Engineer.