In 2017, a survey on fintech and digital finance revealed that 66 percent of Italians have never heard of cryptocurrencies trading. According to the results only 5 percent of the respondents were involved in cryptocurrencies trading. Moreover, the same survey also showed that 59 percent of Italians have never heard of mobile wallets, and only 8 percent used this digital service.
Financial knowledge is lacking
According to another survey about financial knowledge and financial education conducted in 2017 in Italy, Italians seemed to be lacking basic knowledge regarding banking and financial products. In fact, 53 percent of the respondents admitted to not be well informed about the aforementioned topics. Surprisingly enough, only seven percent of the respondents claimed that they were very well informed.
Do Italians want to learn more about banking and finance?
The answer to this question is yes and no. Italians would like to know more about savings, investments and payment protect, as well as mortgages and personal loans. However, 55 percent of the survey’s respondents said that they would be eager to improve their knowledge on banking and financial products only if they were offered free trainings or courses.
Level of knowledge of cryptocurrency trading in Italy in 2017
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Osservatori Digital Innovation. (December 12, 2017). Level of knowledge of cryptocurrency trading in Italy in 2017 [Graph]. In Statista. Retrieved May 25, 2022, from https://www.statista.com/statistics/793516/awareness-of-cryptocurrency-trading-in-italy/
Osservatori Digital Innovation. "Level of knowledge of cryptocurrency trading in Italy in 2017." Chart. December 12, 2017. Statista. Accessed May 25, 2022. https://www.statista.com/statistics/793516/awareness-of-cryptocurrency-trading-in-italy/
Osservatori Digital Innovation. (2017). Level of knowledge of cryptocurrency trading in Italy in 2017. Statista. Statista Inc.. Accessed: May 25, 2022. https://www.statista.com/statistics/793516/awareness-of-cryptocurrency-trading-in-italy/
Osservatori Digital Innovation. "Level of Knowledge of Cryptocurrency Trading in Italy in 2017." Statista, Statista Inc., 12 Dec 2017, https://www.statista.com/statistics/793516/awareness-of-cryptocurrency-trading-in-italy/
Osservatori Digital Innovation, Level of knowledge of cryptocurrency trading in Italy in 2017 Statista, https://www.statista.com/statistics/793516/awareness-of-cryptocurrency-trading-in-italy/ (last visited May 25, 2022)