According to the Federal Deposit Insurance Corporation (FDIC), cryptocurrency use will be most prevalent in 2023 among "underbanked" households, which use checks or non-bank loans to meet their banking needs. The FDIC surveyed about 60,000 households in its Nov. 12 report and found that 6.2 percent of households with insufficient bank accounts were using cryptocurrencies, compared to just 4.8 percent of households with fully open bank accounts. Underbanked are those who have bank accounts but also use non-bank financial services like payday loans and check cashing. Last year, about 14.2 percent of U.S. households, or about 19 million, were considered underbanked. Of all households that use cryptocurrencies, the vast majority hold digital assets as investments, and only 4.4% use cryptocurrencies for online purchases.