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Just over 80% of SMBs see digital digital technologies are these electronic tools that have the ability to generate, store or even process data. payments as a key issue to grow their business. 24% of respondents said they will adopt crypto payments this year.
The number of global businesses offering their users the option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. to pay with crypto could be about to increase this year.
Una recent survey of the payment giant Visa found that nearly one in four small and medium-sized enterprises (SMEs) are open to accepting payments with digital currencies such as Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. is 2022.
Adoption could be part of a growth strategy, as the study revealed that the majority of businesses see new digital payment alternatives as an issue”. fundamental “for business growth . Seventy-three percent of survey participants agreed with this premise.
The study of Visa surveyed 2,250 SME owners located in nine countries, including the United States, Singapore, Brazil, Canada, Germany, Ireland and Russia. It was conducted in December 2021 among companies with 100 or fewer employees.
SMEs see digital payments as “fundamental”
Overall, the survey showed that 90% of small and medium-sized businesses remain optimistic about the future of their business. Most also agreed that digital payments are here to stay: a staggering 82% of respondents said they will accept digital payment options by 2022, and nearly half expect to use these alternatives more frequently.
As for cryptocurrencies, 24% of SMB owners surveyed indicated that they have plans to adopt digital asset payments such as Bitcoin east 2022 . Broadly speaking, the study reveals that businesses are ready to make the shift to digital payments, and nearly half expect that transition to come sooner rather than later.
La majority of SMEs surveyed expect their business to change and rely exclusively on digital payments in the future. While 64% of respondents anticipate being able to make this change within 10 years, 41% say it could be within the next two years, and 18% are already out of cash.
A group of consumers also participated in the study and largely agreed with this view. More than half of consumers surveyed (53%) responded that they expect to be cashless in the next 10 years; 25% said that change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. will happen between 2022 and 2024; and 16% said they have already transitioned to digital payments as their only option.
Among that group, a large percentage said the lack of digital payment options is a reason for not shopping at a business. Forty-one percent of consumers surveyed said they abandoned a purchase at a physical store because digital payments were not accepted.
Large companies also embrace cryptocurrencies
Visa also found that payments with cryptocurrencies are most popular among smaller economies . According to the mediaCryptoBriefingIn the United States and Canada, only 19% and 8%, respectively, of SMBs said they expect to incorporate digital currencies into their payment options this year. However, that figure grew to more than 30% among respondents in Brazil, Singapore, the United Arab Emirates and Hong Kong.
Regarding the study, Jeni Mundy, Global Head Merchant Sales & Acquiring de Visa The digital payment capabilities, he noted, had been a crucial factor in helping small and medium-sized businesses to “make more money,” he said. pivot and survive ” the pandemic. He added that SMEs plan to maintain or continue to explore this area because they believe it will help them thrive in their businesses.
Payments are no longer about simply completing a sale. It’s about creating a simple and secure experience that reflects one’s brand across channels and provides utility to both the company and its customer.
It’s not just small and medium-sized businesses that are working to incorporate cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. payments. In the past year, a handful of globally recognized companies have indicated that they are working on or have already added this option to their payment methods. Among them, the famous movie theater chain AMC has added support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for payments with various cryptocurrencies, including Bitcoin , Ether the form of payment used in the operation of the distribution application platform, Ethereum. y Litecoin .
More recently, the rental platform a place to buy, sell and store cryptocurrency Airbnb revealed that he is working to incorporate said assets after having conducted a poll on Twitter where the majority of users voted for that alternative.
- Mexican retailer Elektra, owned by billionaire Ricardo Salinas, accepts payments with Bitcoin
- GameStop accepts meme cryptos Shiba Inu, Dogecoin and metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. cryptos like Axie through the Flexa payment processor.
- Elon Musk announces that Tesla will accept payments in Dogecoin and currency currency is a medium of exchange that defines value. soars 25%.
Article by Hannah Estefania Perez / DiarioBitcoin
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