‘Underbanked’ households more likely own crypto, FDIC report says

2024.11.12 12:09

(Reuters) – American households considered “underbanked” — or who rely on services like check cashing and payday loans to meet their financial needs — are more likely to hold cryptocurrencies than households with better access to the traditional banking system, according to a government report released Tuesday.

The report from the U.S. Federal Deposit Insurance Corporation also showed that one in eight shoppers using buy-now-pay-later services had missed or made a late payment on at least one of their purchases.

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