36% of U.S. companies accept cryptocurrency payments

More than a third of US small and medium-sized enterprises (SMEs) accept cryptocurrency as payment for goods and services.according to a poll publishedHartford Steam Boiler (HSB), a division of Munich Re, the world's leading insurance company. Young companies are twice as likely to accept payment in digital tokens.

Zogby National HSB SurveyAnalytics, showed that 36% of small and medium-sized enterprises in the United States have already accepted cryptocurrency, while 59% of these companies have also purchased digital currency for their own needs.

The benefits and risks of cryptocurrency for small businesses

During the survey, it turned out that the attitudecompanies to digital assets depends on the time firms work in the market: 47% of companies that accept cryptocurrency have been in business for five years or less, compared with 21% of those that started doing business more than 20 years ago.

Despite the obvious advantages of cryptocurrency, such as lower processing fees and faster payments, the risks for cyber fraud and computer attacks may increase.

“Cybercriminals are monitoring money, andfraud can be a serious problem. Several currency exchanges were hacked or customer money was misappropriated. Millions of dollars are lost. Small businesses, especially start-ups, cannot afford to be cheated. ”“Said Timothy Zailman, vice president of HSB.

Fraudsters apply various schemes to small enterprises: from complex computer attacks to malware infection, distributed using simple phishing emails.

Small companies can also be targeted by hackers who infiltrate company data systems and divert computing power to record and verify cryptocurrency transactions.

"Small business owners before takingcryptocurrency should learn everything that is available about technology. They also have to make sure that data protection is reliable and take out insurance to protect against cyber fraud and financial losses. ”- said Zeilman.

Recall, the Libra Association Council voted to create a Technical Steering Committee (TSC) for the project and elected five members to its leadership.

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