85% of merchants see crypto payments as a way to reach new customers: Survey

85% of merchants see crypto payments as a way to reach new customers: Survey

The crypto payment report noted that crypto payment fees are around 1%, which is much lower than other payment options that charge between 1.5% and 3.5% While the market goes steady, the crypto ecosystem continues to grow as merchants innovate and adopt cryptocurrency payments in their quest to gain new customers. Data platform PYMNTS collaborated with Bitpay to survey merchants, in an attempt to understand the trends on what the participants expect from digital currencies and their effect on payments and businesses. In the report titled "Paying With Cryptocurrency," the researchers found....


Related News

Consumer-merchant mismatch slows down mainstream crypto adoption: Survey

A new Crypto.com survey reveals a huge gap between consumer demand and merchant acceptance for crypto payments. The secret to fast-track cryptocurrency’s mainstream adoption lies within addressing a contradicted consumer demand for crypto payments across business verticals, reveals a new survey. In a study participated by crypto exchange Crypto.com’s 110,000 customers and over 1.5 million Worldpay merchants, roughly 60% of both merchants and customers shared their interest in crypto payments. However, the consumer demand does not reciprocate the business verticals that accept....

Deloitte Survey Clearly Shows Crypto Payments Are The Next Big Thing In Commerce

A new Deloitte survey titled “Merchants getting ready for crypto” contains extremely bullish news. It clearly shows that businesses of all sizes are getting ready for all kinds of crypto payments. And the vast majority believe that they will become ubiquitous in the next few years. Merchants, they are just like us. Deloitte produced the survey in association with PayPal, which is telling and arises questions.  “Survey respondents are very optimistic about digital currencies in the consumer market, reporting broad agreement that accepting digital currency payments is already a point of....

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

A survey conducted by Deloitte in collaboration with PayPal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments.” In addition, “nearly three-quarters of those surveyed reported plans to accept either cryptocurrency or stablecoin payments within the next 24 months.” Majority of Merchants Surveyed Plan to Enable Crypto Payments Financial services firm Deloitte published a report titled “Merchants getting ready for crypto” on Wednesday in collaboration with payments giant....

Igot Takes on Coinbase With Bitcoin Merchant Payment Launch

Australian exchange Igot is aiming to rival bitcoin payment giants Coinbase and BitPay with the launch of its own international merchant solution. Igot's platform will enable e-commerce and brick-and-mortar merchants to integrate bitcoin payments in almost 40 countries and transact in 10 different fiat currencies. Rick Day, Igot's founder, said: "Accepting bitcoin through Igot has multiple advantages for merchants. Perhaps most importantly, bitcoin is a free marketing tool that is likely to increase overall revenue. This is a win-win situation for merchants and the bitcoin community." Igot....

Braintree Activates Bitcoin Payments for US Merchants

Braintree has responded to questions about US merchant adoption of its development kit and clarified that customers can only pay in bitcoin through a Coinbase account. Merchants who use the payments software platform Braintree in the US can enable bitcoin payments through Coinbase starting today. Braintree said that it had integrated Coinbase into its software development kit, which it calls v.zero. This means that merchants who use the kit can now enable bitcoin payments quickly, Braintree said. "Bitcoin is growing in popularity for consumer and merchants alike ... the number of companies....