Thursday, March 28

25% of SMEs plan to accept crypto payments in 2022

A study conducted by the global payment and credit card giant VISA revealed that nearly 25% of small and medium businesses plan to start accepting crypto assets as a means of payment in 2022.

The survey was conducted among 2,250 owners of SMEs from all America, Asia and Europe, with 100 or fewer employees, and released surprising data regarding the present and future of crypto payments and the adoption of cryptocurrencies. According to the survey, 82% of SMEs surveyed say they will offer some kind of digital option for payments this year.

73% of those surveyed affirm that they consider that accepting new forms of payment is a key factor for its growth, with 24% of businesses surveyed saying they plan to accept payments in bitcoin and other cryptocurrencies.

Read more: PayPal and Visa reaffirm their support for the crypto ecosystem despite the fall in the price of bitcoin

The report, which also surveyed 1,000 customers over the age of 18, found that consumers are accelerating the digitization of payments, increasingly preferring to pay digitally and in crypto.

 

In that category, More than half of surveyed consumers (53%) said they expect to go cashless in the next 10 years, 25% said it will happen in the next two years and 16% already use only digital payments.

Regarding the advantages of digital payments, ease of shopping online (47%), followed by lower risk of theft (38%) and convenience (37%) were the top responses.

For its part, SMEs are also ready to adapt to an era of cashless payments, with 64% saying they plan to rely exclusively on digital payments in the next decade, while 41% say they could in the next two years.

 

Keep reading:

► Uruguay inaugurates its first crypto ATM in Punta del Este

► Cryptocurrencies and the El Salvador effect in Latin America

► Legalization of BTC in El Salvador: how it will impact the rest of Latin America

 

Join the Crypto247 community. Follow in Twitter, Instagram, Facebook, YouTube, Telegram and find out about all the news from the crypto world instantly.





www.cripto247.com