Visa research: 25% of small businesses are ready to receive crypto money, 13% want to open a store

A study by Visa Financial (NYSE: V) reported yesterday (12) by Reuters, foreign news, Visa applied to nine countries from the United States, Canada, Brazil, Singapore, Hong Kong, United Arab Emirates States, Germany, according to a 2022 survey of 2,250 small business owners, 25% (per month) of stores in these nine countries are ready to receive cryptocurrency in 2022.

Meanwhile, a survey of 1,000 American seniors and 500 seniors from the nine countries mentioned above showed that around 13% of respondents needed to be able to open cryptocurrency payments in their home or store.

“I think more and more people are trusting cryptocurrencies,” Jeni Mundy, Visa's global sales and purchasing manager, told Reuters. However, despite the growing popularity of cryptocurrencies in the eyes of investors and investors, it is clear that the global adoption of cryptocurrencies is not yet detailed. Uncertain and unchanged symbolic value.

According to TradingView, exactly two months ago today, Bitcoin was $ 64,980. As of this writing, the current price of Bitcoin is $ 43,775. In just two months, the price has fallen more than 32.6% to $ 21,205.

Small businesses outside of North America are ready to accept cryptocurrency payments.

Visa also found that small businesses outside of North America are more likely to accept payments in cryptocurrencies such as Bitcoin. Visa says more than 30% of small businesses in China, including the United Arab Emirates, Hong Kong, Singapore and Brazil, plan to open options for consumers who pay with cryptocurrency in the coming months. . By comparison, only 19% of small businesses in the United States plan to start paying for cryptocurrency this year, compared to just 8% in Canada.

Finally, Mundy told Reuters that accepting cryptocurrency payments could be an impossible option, as results from a quarterly survey of research firms estimate that acceptance of new payment systems will be the basis of their business development. For small businesses that pay digitally, accepting cryptocurrency payments is a hit. Many merchants are starting to wonder what other payment options we can offer and think of.

Visa established a business consultancy firm in December of last year to provide services such as cryptocurrency training, digital pipeline products, and agency recovery and administration in response to the needs of consumers in the cryptocurrency industry have announced that it has done so.