A Quarter of Small Businesses Across Nine Countries Plan to Offer Crypto payments -Visa Survey

Almost a quarter of small businesses in nine countries around the world plan to accept digital currencies as a form of payment in 2022, while 13% of consumers in those countries expect retail stores to begin offering crypto payments this year and beyond, according to a survey by Visa Inc. (V.N), Reuters reported. The survey of 2,250 small business owners across nine countries including the United States, Brazil, Singapore and Canada suggests cryptocurrencies may be starting to go mainstream as a means of payment. Visa also surveyed 1,000 adults in the United States, along with 500 adults from each of the nine countries. Small businesses outside North America are more open to accepting digital currencies, including Bitcoin, as forms of payment. Visa found that more than 30% of small business merchants in the United Arab Emirates, Hong Kong, Singapore and Brazil plan to offer customers the option to pay using crypto in the coming months. Digital currencies have taken off in each of those jurisdictions, despite varying regulations. In contrast, 19% of small businesses in the United States and just 8% in Canada expect to offer crypto as a payment option in 2022. Read more.