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A quarter of small businesses in nine countries plan to offer crypto payments -Visa survey

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January 12 () – Nearly a quarter of small businesses in nine countries plan to adopt digital currencies as a form of payment by 2022, with 13 percent of consumers in those countries saying retail stores will use cryptocurrencies this year and beyond. ‘waiting to start offering hunts. , According to a survey by Visa Inc.

A survey of 2,250 small business owners in nine countries, including the United States, Brazil, Singapore and Canada, shows that cryptocurrencies are starting to become a mainstream as a means of payment.

Visa also surveyed 1,000 adults in the United States and 500 adults from each of the nine states.

“I think more and more people are feeling better with crypto,” Jenny Mundi, global leader in Visa Merchants Sales and Purchasing, said in an interview.

Despite their growing popularity among retail and professional investors, cryptocurrencies are not widely used to pay for goods and services, and in part their value fluctuates frequently.

On Monday, Bitcoin fell more than 5% here and fell below the $ 40,000 level for the first time since September.

Small businesses outside of North America are more open to accepting digital currencies, including Bitcoin, as forms of payment.

Visa found that more than 30% of small business retailers in the United Arab Emirates, Hong Kong, Singapore and Brazil plan to offer customers the option to pay via cryptocurrency in the coming months. Despite the different rules, digital currencies have lost their power in each of these jurisdictions.

In contrast, 19% of small businesses in the United States and only 8% in Canada expect to offer krypton as a payment option in 2022.

Nearly three-quarters of businesses surveyed worldwide said adopting new forms of payment was “key” to their business development. For many small companies moving to new forms of digital payments, adopting krypton could be a natural evolution, Mundi said.

They ask, “What other forms of payment can we get? What other forms should we consider? He said.

Other countries surveyed include Germany, Ireland and Russia. (Hannah Lang’s interview in Washington, edited by Matthew Lewis)

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