Visa survey: 25% of small businesses to start accepting crypto in 2022

Global credit giant Visa says that nearly a quarter of small and micro businesses (SMBs) plan to start accepting crypto assets as payments in 2022.

In a new study that surveyed 2,250 small business owners with 100 employees or fewer across North America, South America, Asia and Europe, the payments titan finds that 82% of SMBs questioned say they would offer some sort of digital option for payments this year.

Seventy-three percent of respondents say they see accepting new forms of payment as a key driver to their growth, and 24% of businesses surveyed say they plan to accept crypto payments such as Bitcoin this year.

The report, which also surveyed 1,000 customers ages 18 and above, finds that consumers are increasingly shifting toward cashless transactions, accelerating the digitalization of payments.

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