With the rise of crypto wallets, NFTs and DAOs, now is the time for a Data Wallet.
Thirteen percent of Americans bought or traded cryptocurrency in the past 12 months, according to survey published by NORC, a research group at the University of Chicago. By comparison, 24% of Americans invested in stocks over the same time period.
At the same time, OpenSea’s, the largest NFT marketplace website saw two million transactions, totaling $3.4 billion in trading volume, in August.
One fifth of trades are executed on a phone
These findings are, of course, troubling for those of us who are concerned about the huge growth in popularity of stock trading among young people.
Smartphone usage is also on the increase. In the United States, for example, the average person spends 5.4 hours a day on their phone.13% of Millennials say they spend more than 12 hours every day on it..
US brokerage firms report that more than 20% of all trades by retail investors were executed using mobile devices and estimate this percentage will double in the next few years.
Of course, firms like Robinhood understand this all too well, which is why they invest so much time and money in making their smartphone apps as fun and easy to use as possible.
With consumers taking more and more ownership of their finances and investments through their devices, consumers are now ready for a data wallet, that empowers people to own their own data and receive tailored personalized experiences at businesses in the real-world.
VISTA, DATA WALLET will launch end of 2021.