US payment company Visa conducted a survey of small businesses in nine advanced economies. It turned out that a quarter of entrepreneurs are ready to accept payments in cryptocurrencies already now, in 2022.
Visa representatives interviewed representatives of 2,250 small companies with 100 employees or less in the US, Brazil, Germany, Hong Kong, Ireland, Canada, the United Arab Emirates, Singapore and Russia. According to the report on the results of the study, 24% of those surveyed want to accept cryptocurrencies as payment for their goods and services.
Companies outside of North America have been more open to crypto payments. In Canada, just 8% of small businesses surveyed plan to accept cryptocurrencies as a means of payment this year. In the USA – 19%.
“I think more and more people are becoming more familiar with cryptocurrencies and feel more comfortable with them,” says Jeni Mundy, global head of sales and acquiring at Visa.
82% of Visa respondents plan to increase the share of electronic payments. We are talking not only about cryptocurrencies, but also payments using conventional bank cards. In the future, digital transfers will become the main means of payment, the majority of respondents agree – within ten years, 64% of small companies expect to completely abandon the acceptance of cash. 41% plan to do this in two years, and 18% said they are already working only with digital payments.
A recent study by PaySafe showed that 54% of crypto holders in the US and UK are confident in the future dominance of this global payment facility.
