In 2022, almost a quarter of small merchants in nine countries around the world plan to accept digital currencies as a form of payment. This follows from the data of the survey by Visa, reports Reuters.
The study covered 2,250 small business owners in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, the United Arab Emirates and the United States. In the consumer segment, Visa surveyed 500 adults in the United States and 1,000 in the rest of the world.
13% of consumers in these jurisdictions expect retailers to offer cryptocurrency payments
“I think more and more people are feeling more confident with cryptocurrencies,” said Janie Mundy, director of global sales and acquiring at the company.
Small businesses outside North America are more open to digital currency payments. Visa found that over 30% of small merchants in the United Arab Emirates, Hong Kong, Singapore and Brazil intend to offer cryptocurrency payment options in the coming months.
In the United States, this figure is 19%, in Canada – only 8%.
Nearly three quarters of the businesses surveyed said that the introduction of new forms of payments is “fundamental” for their business growth. As part of this strategy, Mundy said adoption of cryptocurrencies could be a natural step in development for many.
As a reminder, in December 2021, Visa announced the creation of an advisory division to help clients navigate Bitcoin and other digital currencies.