Nearly 75% of retailers plan to accept cryptocurrency payments within the next 2 years according to a June survey conducted by Deloitte titled “Merchants getting ready for crypto.”
The report polled 2000 senior execs in the retail industry across a series of different verticals from electrons to food and beverage.
How the retailers will take payments is still undecided. In traditional finance, credit card processors facilitate the transactions but take fees for their services. In crypto, the merchants can directly interact with the customers for digital payments. But some retailers are not planning to use this major benefit of the technology, instead opting to still use a 3rd party payment process to convert the digital currency to Fiat and lowing the risk to fluctuating crypto prices.
Written by: WarBiscuitNFT
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