Visa: One in Four Businesses Surveyed Plan to Accept Cryptocurrency Payments This Year

Payments giant Visa has conducted a survey of small businesses and found that nearly a quarter of those who responded to the policy accepted cryptocurrency payments this year. “I think a lot of people are very reliant on crypto,” the Visa chief said.

Small Businesses in 9 Countries Prepare to Receive Foreign Exchange This Year

Visa published a survey on digital payments on Wednesday. It was conducted by Wakefield Research in December 2021 and included a survey of 2,250 small business owners with 100 or fewer employees in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, the United Arab Emirates, and the US.

Visa explained that the future of small and medium enterprises (SMBs) in 2022 includes “Paying digital currency – even crypto.” Payment details:

Of those surveyed, 24% said they wanted to accept digital currencies such as cryptocurrency bitcoin.

The company also stated: “Approximately 82% of SMBs surveyed said they wanted to adopt a digital alternative by 2022 and 73% consider accepting new payment methods necessary to grow their business.”

Jeni Mundy, Visa’s global marketing and sales manager, was quoted as saying:

I think a lot of people rely a lot on crypto.

In December, Visa was introduced crypto technology services. In addition, the Visa crypto CEO recently revealed that the company said so united is a 60 cryptocurrency platform that allows digital currency buyers over 80 million merchants worldwide.

What do you think of this Visa survey? Tell us in the comments section below.

Kevin Helms

Austrian Economics student Kevin acquired Bitcoin in 2011 and has been a publisher ever since. Its interests are in Bitcoin security, open systems, network results and the gap between economics and cryptography.

Credits Pictures: Shutterstock, Pixabay, Wiki Commons

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