Crypto news

Most U.S. retailers plan to accept cryptocurrencies

According to a survey of U.S. retail executives, 75% of retailers plan to implement support for cryptocurrency payments within two years.

The auditing firm Deloitte, with the assistance of the payment company PayPal, conducted a survey of 2,000 top U.S. retail executives between December 3 and December 16, 2021. At the time, cryptocurrency rates were noticeably higher than the current ones, but the trend itself is obvious. The survey involved executives from various retail organizations, including grocery retailers, clothing stores, technology chains, pharmacy chains and so on.

It’s interesting that more than half of large retailers with turnover more than $500 million allocate from $1 million to build infrastructure for cryptocurrency payments. 85% of respondents believe that within 5 years payments in digital assets will become popular and widespread. Therefore, top executives expect the cost of implementing cryptocurrency payment support to increase.

According to the researchers, interest in cryptocurrencies is coming from consumers – 64% of respondents reported significant interest in cryptocurrency payments. 32% of respondents reported an average level of interest, while only 2% of respondents reported minimal demand.

The analysts stressed that 93% of retailers who have already implemented cryptocurrency payments note their positive impact on business performance. 83% of respondents are confident that within 10 years, digital assets will become legal tender in the U.S.

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