75% of US retailers are going crypto, and Bitcoin hodlers are on the rise.
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In today’s news:
75% of US business retailers plan to accept crypto as payment
Don’t throw away your bitcoin yet because some interesting things are happening in the United states.
Apparently, Many retail companies in the United States are planning to start accepting cryptocurrencies as a means of payment for their products. We are not talking about the aunt that sells fairly used clothes down the street, these are high-end retail companies with possibly hundreds of staff.
This means that you could start buying custom shoes, dropshipping goods and services, paying for imported hair or clothes without having to worry about bank network issues or transfer limits that would block how much you get to spend.
Although, you don’t have to wait with ValorExchange. Every account on ValorExchange is completely free and limitless. You can sell or buy your cryptocurrencies with as little as a phone number and an email address. Try it! All it takes is one account.
The new survey carried out by Deloitte, the billion-dollar professional services company, indicates that a large number of these retail companies have already begun setting things in motion for crypto payments. Some have confessed to seeing positive changes in their businesses since they started receiving payments in crypto.
In the study, 2,000 senior executives from different retail organizations in different industries like digital commodities, Cosmetics, clothing, food, transportation, etc. were asked questions concerning crypto and digital assets.
Over 85% of them said their businesses give very high priority to enabling payments in cryptocurrencies. Out of all the respondents in the group, 93% of them had witnessed positive changes in their business sales since the adoption of digital assets. Over 50% of the respondents had already invested over $1 million in a service that enabled digital payments.
Almost three-quarters of the respondents said their organizations plan to start accepting payments in crypto or stable coins within the next twenty four months.
Bitcoin adopters and hodlers both grow amidst the crash.
In a recent study data provided by Glassnode, the number of crypto addresses holding nothing less than one Bitcoin has reached over 851,921 users. The previous record for this user count was set on June 2, 2022, when the total users holding was 848,082.
This is due to the increasing use of cryptocurrencies by businesses and everyday users. They are not alone, according to a survey by PWC, 38% of hedge funds are trading cryptocurrencies. This figure has increased dramatically from last year’s 21%.
Although the bear market triggered a lot of users to sell off their cryptocurrencies, especially coupled with the price of Bitcoin dropping below $30,000. There might still be more to do with your crypto than ever before.
Although it may be a little hard to see with the current price decline of Bitcoin, the cryptocurrency industry has a bright future ahead. Especially with the increasing adoption of cryptocurrencies in everyday life. You can earn, buy or sell cryptocurrencies by creating an account with us on ValorExchange. It’s a fast and secure process.