Payments giant Visa conducted a survey of small businesses and found that nearly a quarter of those who responded plan to accept crypto payments this year. “I think more people feel more confident with cryptocurrencies,” said one Visa executive.
Small businesses in 9 countries plan to accept cryptocurrency this year
Visa published a study on digital payments on Wednesday. It was conducted by Wakefield Research in December 2021 and included a survey of 2,250 small business owners with 100 or fewer employees in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, the United Arab Emirates and the United States.
Visa described that the path forward for small and micro businesses (SMBs) in 2022 includes “purchasing digital payments – even cryptocurrency.” Detailed payments giant:
Of those surveyed, 24% said they plan to accept digital currencies such as cryptocurrency bitcoin.
The company explained: “82% of SMEs surveyed said they plan to accept some form of digital option in 2022 and 73% see accepting new forms of payment as essential to their business growth.”
Jenny Mundy, Global Head of Commercial Sales and Acquisition for Visa, is quoted as saying:
I think more people feel more confident with cryptocurrencies.
In December, Visa launched a cryptocurrency advisory service. Moreover, Visa’s head of crypto recently revealed that the company has partnered with 60 cryptocurrency platforms to allow consumers to spend digital currency at 80 million merchants worldwide.
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