Crypto is making waves in underbanked households, according to the FDIC's latest report. 🏦
- 6.2% of underbanked households are crypto-savvy, compared to 4.8% of fully banked ones.
- Crypto's popularity is higher among the educated, young, and working-age groups, with Asian and white households leading the charge.
- Income matters: 7.3% of those earning $75k+ dabble in crypto, while only 1.1% of those earning under $15k do.
- Surprisingly, only 1.2% of unbanked households use crypto, as most rely on cash or digital payment services.
Crypto's role in bridging financial gaps is growing, but disparities remain.