January 23, 2022

Visa survey reveals 25% of firms are willing to accept crypto payments

According to the latest survey by Visa Inc., about 25% of small businesses in nine countries will accept cryptocurrencies as a form of payment.

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The survey was conducted among 2,250 small business owners from the United States, Canada, Brazil, Singapore, Hong Kong, the United Arab Emirates, Germany, Ireland and Russia.

Researchers have found that digital money can become a universal means of payment. In addition, Visa surveyed 1,000 other adults in the US and 500 adults in nine countries.

“I think people feel more secure with cryptocurrencies,” said Jeni Mundy, global director of commercial sales and acquisitions at Visa.

Despite the fact that over the past two yearsThe use of bitcoin and other cryptocurrencies has increased worldwide, and digital assets are popular among investors of all levels, they are still not a payment instrument.

For example, one of the obstacles to a full-fledgedthe use of bitcoin in retail is its high volatility. On Monday, BTC fell a little more than 5% and dropped below $40,000, Wednesday brought a recovery to $43,787.

According to the survey, outside of North America, small businesses are ready to accept various cryptocurrencies to pay for goods and services.

More than 30% of small business owners located in Brazil, the United Arab Emirates, Singapore and Hong Kong plan to offer this payment method to buyers this year.

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