Payments giant Visa conducted a survey of small businesses and found that nearly a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people feel more confident about crypto,” said a Visa executive.
Small businesses in 9 countries plan to accept cryptocurrency this year
Visa released 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 has described that a way forward for small and micro businesses (SMEs) in 2022 includes “Going long on digital payments – even crypto.” The payments giant detailed:
Of those surveyed, 24% said they plan to accept digital currencies such as bitcoin cryptocurrency.
The company clarified: “An overwhelming majority of 82% of SMEs surveyed said they plan to accept some form of digital option in 2022 and 73% consider accepting new forms of payment to be fundamental to the growth of their business.
Jeni Mundy, Global Head of Sales and Acquisition at Visa, reportedly said:
I think more people are feeling more confident with crypto.
In December, Visa launched crypto advisory services. Additionally, 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 globally.
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