According to a study conducted by payments company Visa, in 2022, almost a quarter of small merchants in nine countries around the world plan to accept digital currencies as a form of payment, Reuters reports.
The study covered 2,250 small business owners in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, the United Arab Emirates and the US. In the consumer segment, Visa has surveyed 500 adults in the United States and 1,000 in the rest of the world.
13% of consumers in these jurisdictions expect retailers to allow customers to pay with cryptocurrencies.
Jeni Mundy, director of global sales and acquiring of Visa, said:
“I think more and more people are feeling more confident with cryptocurrencies.”
Small businesses outside North America are more open to digital currency payments. Visa has found that more than 30% of small merchants in the United Arab Emirates, Hong Kong, Singapore and Brazil plan to offer crypto payment options to their customers in the coming months.