Study: Half of US Small Businesses Aren't Ready to Accept Bitcoin
A new study suggests that consumers and businesses in the United States remain apprehensive about the prospect of using digital currency, as well as digital payment tools and platforms currently available on the market. Software research firm Software Advice surveyed roughly 400 small business owners and customers, who answered a series of questions regarding their willingness to use digital currencies should they become more widely adopted. About two-thirds of consumer participants suggested that they are unlikely to use bitcoin or other digital currencies, with 49% specifying that they....
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Crypto holders want to use their assets to shop and stores around the globe are starting to take heed. Back in 2021, a study showed that there is a high demand for cryptocurrency payment abilities among both crypto holders and non-holders. However, in the same study, 50% of participants noted that there are not enough businesses that accept crypto. This may change very soon.Almost one out of four small and mid-size businesses (SMBs) that participated in a survey by Visa said that they are planning to accept payments in cryptos like Bitcoin. In the same study, 73% of respondents stated that....
A new report by research and advisory company Software Advice indicates that small-t0-medium size businesses are not prepared to add bitcoin payments to their business model. Nevertheless, a high number of respondents understand how to calculate taxes on bitcoin payments. Also Read: Acromobile And Bitnet Enable Mobile Merchants to Easily Accept Bitcoin Payments. Half of Small Businesses Not Prepared to Add Bitcoin Payments. Recently, bitcoin payment processors such as Coinbase, BitPay, and GoCoin have partnered with companies like PayPal and Shopify to afford hundreds of thousands of....
Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive.
Small Businesses in 9 Countries Plan to Accept Cryptocurrency This Year
Visa published a study on digital payments Wednesday. It was conducted by Wakefield Research in December 2021 and included a survey of 2,250 small business owners with 100 employees or fewer in Brazil, Canada, Germany, Hong Kong, Ireland,....
The Red Rage variety of hot sauce. As Bitcoin and other cryptocurrencies grow and mature, we'll see more businesses accepting them. Often, the news has always tended to focus on the many large businesses, such as Newegg and TigerDirect, that accept Bitcoin. However, across the world, many small businesses are becoming interested in Bitcoin. The Iron Rail Diner, a small family-owned diner in Maryland, graciously accepts Bitcoin, Dogecoin, and Litecoin. They've seen quite a few sales from Dogecoin. In the future, we'll likely see many more small businesses accept Bitcoin and other digital....
A recent study conducted by the online invoicing company that works with small businesses Skynova explains that the city of Los Angeles (LA) is the “most crypto-friendly city in the United States.” Skynova surveyed close to 600 small business owners and top-level executives from the U.S. in order to get their perception of the cryptocurrency ecosystem. LA Ranks the Most-Friendly Crypto City in Recent Small Business Owners Study According to a research study which leveraged nearly 600 executives and small business owners, LA ranks #1 when it comes to crypto ATMs, and merchant....