Retailers to drive crypto payments adoption: Survey
A new report reveals over half of people believe cryptocurrency payments give businesses a competitive edge. Crypto payments might be the innovation companies are looking for. A recent survey by payment network Mercuryo revealed that 57% of respondents believe accepting cryptocurrency payments would give companies a competitive edge. Among the other standout statistics, more than a third of businesses reported that customers had asked to pay in Bitcoin (BTC), Ether (ETH) or another digital currency.Hot on the heels of news that Dogecoin (DOGE) will trial for Tesla merchandise payments and....
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Improving customer experience, increasing the customer base and a hope their brand is perceived as “cutting edge” were the biggest reasons given for a desire to adopt crypto payments. Three quarters of United States retailers plan to accept crypto or stablecoin payments within the next two years according to a new survey. It also found that more than half of large retailers with revenues over $500 million are currently spending $1 million or more building the required infrastructure to make it happen.The information was revealed in Deloitte’s “Merchants Getting Ready For Crypto” report....
UK retailers are exploring alternative payment options and moving away from traditional cash payments due to relatively high costs, according to a new survey compiled by payments provider Sage Pay. The company's research reveals that UK retailers now spend a whopping £17.8bn (almost $30bn) a year just to process cash payments. As a result, they are looking at cheaper alternatives, but it seems most of them are staying away from bitcoin. This general trend is not new. The British Retail Consortium (BRC) has been keeping track of retail transactions for years and the volume of cash....
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....
An online survey has found that 8% of US retailers say they are planning to accept bitcoin within the next 12 months. The data, collected by Boston Retail Partners, after surveying 500 retailers across the US, showed that none of the businesses were currently accepting bitcoin, whilst 5% have plans to adopt it within three years. Source: Boston Retail Partners. In contrast, the report found that PayPal was the most widely accepted alternative payment type. The payment processor is already accepted by 13% of those surveyed, whilst 49% plan on adopting it in the next three years. Apple Pay,....
Although crypto market’s current situation looks very scary, digital assets have continuously expanded their reach since its initiation. Likewise, the U.S. also recorded a significant crypto adoption over the last year and will continue to adopt blockchain technology in the future too. A survey conducted by a professional firm, Deloitte, in partnership with the giant […]