visa: one in four businesses surveyed plan to accept cryptocurrency payments this year

payments mountainous visa has piloted a survey of small businesses and begin that almost a quarter of the particular which responded plan to accept cryptocurrency payments this year. “i think more people are feeling more self-confident with crypto,” said a visa executive.

visa published a study on digital payments wednesday. it was piloted by wakefield research in december 2021 and included a survey of 2,250 small business owners with 100 employees or fewer in brazil, canada, germany, hong kong, ireland, russia, singapore, united arab emirates, and the u.s.

visa described that a path forward for small and micro businesses (smbs) in 2022 includes “going long on digital payments – even crypto.” the payments mountainous detailed:

of the particular accounted for, 24% said they plan to accept digital currencies comparatively the cryptocurrency bitcoin.

the company elaborated: “an overwhelming 82% of smbs accounted for said they plan to accept some form of digital option in 2022 and 73% watch accepting new forms of payments as fundamental to their business growth.”

jeni mundy, visa’s global head of merchant sales and acquiring, was quoted as saying:

i think more people are feeling more self-confident with crypto.

in december, visa launched crypto advisory services. moreover, visa’s head of crypto recently revealed that the company has partnered with 60 cryptocurrency platforms not in use consumers spend digital currency at 80 million merchants worldwide.

what do you gloom this visa survey? let us know in the comments part below.

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2022-01-15 00:40:12