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

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 almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive. Small Businesses in 9 Countries Plan to Accept Cryptocurrency This Year

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

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: Of those surveyed, 24% said they plan to accept digital currencies such as the cryptocurrency 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: I think more people are feeling more confident with crypto.

In December, Visa launched crypto advisory services. 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. Tags in this story digital payments, merchants accepting bitcoin, merchants accepting cryptocurrency, VISA, Visa crypto survey, visa cryptocurrency survey, Visa merchants, visa survey

What do you think about this Visa survey? Let us know in the comments section below. Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. JPMorgan Client Survey: Majority Expect Bitcoin Price to Reach $60K or More This Year FEATURED | 6 hours ago Financial Guru Dave Ramsey Says Crypto Is "Fun," Here to Stay, Can Be Part of Portfolios FEATURED | 2 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBritish Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated Next articleJPMorgan Client Survey: Majority Expect Bitcoin Price to Reach $60K or More This Year Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRussia’s Tinkoff Bank Enters Crypto Space Through Swiss Company Acquisition

The Russian neobank Tinkoff is joining the world of cryptocurrencies with the purchase of a stake in Aximetria, a Swiss-registered and licensed company which provides clients around the world with services and solutions for digital financial assets. Tinkoff Bank Buys ... read more.NYCB and Group of Banks Join to Launch USDF Stablecoin Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption