Over 75% of merchants are getting ready for crypto❗️
Deloitte survey of over 2,000 US merchants and retailers confirms that over 75% of them say they are preparing to accept crypto-based payments within 24 months! PDX solves all of the technical, payment, and integration issues that merchants say are the things holding them back, apart from regulatory issues.
The survey was conducted between December 3 and December 16, 2021, as a research vehicle to gain greater insights into the overall attitudes and investments in adoption of digital currency payment systems. The survey highlights included in this report reflect the opinions and perceptions around merchant adoption of digital currency payments and the potential impact of this adoption in the future. The information shared provides summaries of a subset of overall data and insights collected.
When an American online retailer became the first major merchant worldwide to accept cryptocurrency as payment in 2014, it was big news.
Since then, digital currency has entered the mainstream. Globally 220 million people use cryptocurrency now, and customers are paying for everything with it, from travel to sports tickets to mobile phone services. A radical shift has occurred in less than a decade, with once-wary customers and retailers increasingly viewing digital currency through an optimistic lens.
In this study, we examine the role of digital currency in the rapidly evolving world of transactions. The survey focuses on US consumer businesses, with annual revenues ranging from below $10 million to $500 million and above, asking their views on digital currency payments and the investments they’ve made in payment infrastructure, as well as their plans for the years ahead.
The digital currency ecosystem is maturing, and the industry growth is continually fueled by the increased utility and accessibility. Overall, we find that merchants are receptive to their customers’ needs and expectations and see business and enterprise-related benefits from embracing digital currency
payments. These organizations have invested and plan to continue investing in enabling this capability. However, there are still a number of factors to be considered, such as infrastructure decisions, security, and the development of a regulatory framework that will determine much of the pace at which adoption continues to grow.
Read more here: https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology/us-cons-merchant-getting-ready-for-crypto.pdf
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