Over a third of US companies surveyed accept cryptocurrencies

Jan 20 · 2 min read

About 36% of US small and medium-sized businesses in the United States accept cryptocurrencies as payment, and 59% of them previously acquired such assets for their own use. This is evidenced by a survey conducted by order of the insurance company Hartford Steam Boiler (HSB).

Cryptocurrency payments are more readily used by young companies that exist for five years or less — 47% of those surveyed turned out to be such companies.

Among enterprises existing for more than two decades, only 21% are ready to accept crypto assets.

“Among the main advantages of using cryptocurrencies, companies distinguish fast payments and low commissions. At the same time, the risk of cyber fraud and computer attacks does not allow this payment method to spread more widely. ” the researchers concluded.

The survey involved 509 US small and medium enterprises. The final sample included 41% of enterprises with less than 25 employees. Survey error is 4.4%.

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