The American 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 now, in 2022.
Visa interviewed 2,250 small companies with 100 or fewer employees in the United States, Brazil, Germany, Hong Kong, Ireland, Canada, United Arab Emirates, Singapore and Russia. According to the research report, 24% of those surveyed want to accept cryptocurrencies as payment for their goods and services.
Companies outside North America have found themselves more open to cryptocurrency payments. In Canada, only 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 familiar with cryptocurrencies and are feeling more confident with them,” says Jeni Mundy, Visa’s global head of sales and acquiring.
82% of Visa respondents plan to increase the share of electronic payments. We are talking not only about cryptocurrencies, but also payments using ordinary 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 refuse to accept cash. 41% plan to do this in two years, and 18% said they already work only with digital payments.
A recent study by PaySafe found that 54% of cryptocurrency holders in the US and UK are confident in the future dominance of this global payment vehicle.
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