Payments giant Visa conducted a survey of small businesses and found that nearly a quarter of respondents plan to accept cryptocurrency payments this year. “I think more people feel more secure with crypto,” said a Visa executive.
Small businesses in 9 countries plan to accept cryptocurrencies this year
Visa released a study on digital payments on Wednesday. Conducted by Wakefield Research in December 2021, it included a survey of 2,250 small business owners with 100 employees or fewer in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, the United Arab Emirates and the United States
Visa described that a way forward for small and micro businesses (SMEs) in 2022 includes going “long on digital payments — even crypto.” The payments giant explained:
24% of respondents indicated that they would like to accept digital currencies such as the cryptocurrency Bitcoin.
The company explained, “An overwhelming 82% of SMBs surveyed said they plan to accept some form of digital options in 2022, and 73% see accepting new forms of payment as fundamental to their business growth.”
Jeni Mundy, Global Head of Merchant Sales and Acquiring at Visa, was quoted as saying:
I think more people feel safer with crypto.
In December, Visa launched crypto consulting services. Additionally, Visa’s crypto chief recently announced that the company has partnered with 60 cryptocurrency platforms to allow consumers to spend digital currencies at 80 million merchants worldwide.
What do you think of this Visa survey? Let us know in the comment section below.
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