Visa, payments giant has conducted an online survey and discovered that almost 25% of the small businesses surveyed plan to accept crypto payment this year. “I think more people are feeling more confident with crypto,” said a Visa executive.
In 9 countries, small businesses will accept cryptocurrency this year
Visa released Wednesday’s study about digital payments. Wakefield Research conducted the study in December 2021. It included an analysis of 2250 owners of small businesses with less than 100 employees in Brazil, Canada and Germany.
Visa described that a path forward for small and micro businesses (SMBs) in 2022 includes “Going long on digital payments – even crypto.” The payments giant detailed:
According to the survey, 24% of respondents said that they would accept digital currency such as bitcoin.
The company elaborated: “An overwhelming 82% of SMBs surveyed said they plan to accept some form of digital option in 2022 and 73% see accepting new forms of payments as fundamental to their business growth.”
Jeni Mundy, Visa’s global head of merchant sales and acquiring, was quoted as saying:
Cryptocurrency is a growing trend that I believe makes people feel more secure.
Visa’s crypto advisory service was launched in December. Moreover, Visa’s head of crypto recently revealed that the company has partnered with 60 cryptocurrency platforms to let consumers spend digital currency at 80 million merchants worldwide.
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