Deloitte Survey: 85% of Merchants Say Enabling Crypto Payments Is High Priority

A survey conducted by Deloitte successful collaboration with PayPal recovered that implicit 85% of merchants “are giving precocious oregon precise precocious precedence to enabling cryptocurrency payments.” In addition, “nearly three-quarters of those surveyed reported plans to judge either cryptocurrency oregon stablecoin payments wrong the adjacent 24 months.”

Majority of Merchants Surveyed Plan to Enable Crypto Payments

Financial services steadfast Deloitte published a report titled “Merchants getting acceptable for crypto” connected Wednesday successful collaboration with payments elephantine Paypal.

The study includes the results of a survey conducted betwixt Dec. 3 and Dec. 16, 2021. The survey polled a illustration of 2,000 elder executives astatine retail organizations with yearly revenues ranging from little than $10 cardinal to implicit $500 cardinal crossed the U.S.

“Respondents reported astatine slightest a wide cognition of cryptocurrency and stablecoins,” the study notes, adding that astir of them are “a superior decision-maker erstwhile deciding whether their enactment would judge cryptocurrencies and stablecoins arsenic a signifier of payment.”

The study details, “Merchants are considering the adoption of 2 antithetic types of integer currencies: cryptocurrencies and stablecoins,” elaborating:

More than 85% of the organizations are giving precocious oregon precise precocious precedence to enabling cryptocurrency payments, portion astir 83% are doing the aforesaid for stablecoins.

In addition, the study describes: “There are besides shared expectations of wide adoption successful the future. Around 85% of surveyed merchants expect that integer currency payments volition beryllium ubiquitous among suppliers successful their manufacture successful 5 years.”

Furthermore, the study adds:

Nearly three-quarters of those surveyed reported plans to judge either cryptocurrency oregon stablecoin payments wrong the adjacent 24 months.

Overall, 87% of respondents hold that organizations accepting integer currencies person a competitory vantage successful the market.

Merchants are anxious to follow integer currency payments for a assortment of reasons, the study notes. 48% of respondents said it volition amended lawsuit experience, 46% said it volition summation lawsuit base, and 40% said it volition springiness their marque the cognition of being cutting edge.

What bash you deliberation astir this Deloitte survey? Let america cognize successful the comments conception below.