Back in 2021, a study showed that there is a high demand for cryptocurrency payment abilities among both crypto holders and non-holders. However, in the same study, 50% of participants noted that there are not enough businesses that accept crypto. This may change very soon.
Almost one out of four small and mid-size businesses (SMBs) that participated in a survey by Visa said that they are planning to accept payments in cryptos like Bitcoin. In the same study, 73% of respondents stated that accepting new forms of digital payment options is a key factor that will affect business growth in 2022.
2,250 small business owners located in nine countries including the UAE, Hong Kong, the United States, and Canada participated in the study. Among these respondents, 82% said they plan to implement a form of digital payment option in 2022.