Nearly one in five Americans say they would rather receive cryptocurrency than a gift card this holiday season, according to a new survey from the National Cryptocurrency Association (NCA) and PayPal.

The report, which surveyed more than 2,000 U.S. adults, found that 17% prefer crypto over traditional gift cards, while 31% believe digital currency gifts are less likely to go unused. Moreover, nearly a quarter of adults have given or are considering giving crypto this holiday season.

Among current crypto holders, nearly two-thirds (around 65%) are giving or considering gifting crypto, and half expect to receive it themselves.

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