75% of retailers eyeing crypto payments within 24 months: Deloitte - Cointelegraph
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The information was revealed in Deloitte’s “Merchants Getting Ready For Crypto” report released in collaboration with PayPal on Wednesday.
Source: Merchants Getting Ready for Crypto: Merchant Adoption of Digital Currency Payments Survey
According to Deloitte, the spending won’t stop there and is only expected to increase over 2022.
Source: Merchants Getting Ready for Crypto: Merchant Adoption of Digital Currency Payments Survey
Nearly half expect their adoption of cryptocurrency will improve the customer experience, around the same amount believe it will increase their customer base, and 40% hoped their brand would be perceived as “cutting edge.
Source: Merchants Getting Ready for Crypto: Merchant Adoption of Digital Currency Payments Survey
Carriers and challenges to adoption cited by merchants include the security of the payments system (43%) changing regulations (37%), volatility (36%) and a lack of a budget (30%).
Consumers push for crypto payments
Consumer interest is driving merchant adoption, with 64% of merchants signaling their customers have expressed significant interest in using crypto for payments.
The Original Article can be found on
Cointelegraph
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