Surveys show that retailers encourage the use of cryptocurrency.

More than half of those polled say crypto payments have given their business a competitive edge, according to a new report.

Crypto payments could be the new innovation the company is looking for. According to a recent survey by the Mercuryo payment network, 57% of people believe that accepting a payment gives their business a profitable future. Among other key statistics, more than a third of businesses say their customers request payment in Bitcoin (BTC), ETHer (ETH), or other digital services.

Following the announcement that Dogecoin (DOGE) will be used to pay for Tesla products and that WhatsApp will begin testing Meta's Novi wallet, Mercuryo reports that selling services could be added as the main crypto engine.

The bulk of the report covers the UK's 501 top financial decision makers. Almost half of the respondents were from large companies with 250 or more employees. Of those surveyed, 40% were board members or supervisors, and the rest were partners or business owners.

However, it's important to remember that big companies can be role models. Commenting on the results, Mercuryo CEO and co-founder Petr Kozyakov told Cointelegraph:

"Our research shows that 75% of large companies believe cryptocurrencies will end up being used in all kinds of financial services."

He added that 72% of top payers believe cryptocurrencies are the future of payments. Over 75% of businesses have seen demand from consumers and retailers to offer cryptocurrency as a payment option.

In an interview with Time, small businesses such as e-bike retailers, shoe brands, and fintech startups all said they trust cryptocurrencies as a participating asset. Although Bitcoin and cryptocurrency only make up a small portion of total sales, it is believed to be an important service that has grown.

Companies like BitPay, Coinbase, and Block all make it easy to trade cryptocurrency. However, it is not as easy as getting money in cryptocurrency. It's a rapid change and it's the magnet for the most sought-after talent in 2021.

According to Kozyakov, "Building such a complex cryptocurrency infrastructure internally typically takes years." As with any new technology application, “the impact on the application is slower”.

The report shows that 33% of those polled said that the lack of proper industry oversight affects entry into the industry, while 27% of those polled were concerned about the negative effects of fraud and 28% about the negative effects of fraud. exchange rates. Variance.

Once the market value of cryptocurrencies is proven, that figure will look like over $ 2 trillion for most of 2021. However, it is clear that it will still take time to do so. to put back. Technology. But, as the industry has repeatedly proven, Kozyakov concludes that "the first supporters will receive rewards".