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Visa survey shows 24% of businesses plan to accept cryptocurrency

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Cryptocurrency holders want to use their assets for shopping and businesses across the globe are starting to take notice of crypto.

In 2021, a study has shown that there is a high demand for crypto payments among both crypto holders and non-holders.

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However, 50% of the participants noted that not many businesses accept cryptocurrencies. This could change very soon.

Nearly one in four small and medium enterprises (SMBs) participate survey of Visa said that it is planning to accept payments in cryptocurrencies such as Bitcoin (BTC). 

In the same study, 73% of respondents said that adoption of digital forms of payment is the main factor that will affect business growth in 2022.

About 2.250 small business owners in nine countries, including the United Arab Emirates, Hong Kong, the United States and Canada participated in the study. 

The survey also included consumers, with 1.500 adults across nine participating markets. In this section, more than half of the respondents expressed that they expect to be completely cashless within 10 years. 

Meanwhile, 41% also indicated that customers are no longer making purchases at physical stores, where digital payments are not available. 

The need for crypto payments is not limited to small businesses. In a recent Twitter poll by Airbnb CEO Brian Chesky, users expressed that they would like to have the option of paying with cryptocurrency when booking at Airbnb. 

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