Over 85% of US retailers are prioritising crypto payments, Deloitte report shows

What

Over 85% of US retailers aim to accept crypto or stablecoin payments over the next two years, a Deloitte report has revealed

Why 

With growing customer interest, retailers are keen to capitalise on the rising adoption of digital currency payments

What next

Deloitte believes that education will provide regulators with more clarity, enabling wider adoption across a larger range of products and services

The story

Over three-quarters of American retailers are aiming to accept crypto or stablecoin payments over the next two years, a report by Deloitte and PayPal has revealed.

The report entitled “Merchants Getting Ready for Crypto”, interviewed 2,000 top executives at U.S. retail firms, over 85% of whom believe that bitcoin payments would be commonplace in their industry in five years.

As customer demand for crypto continues to grow, retailers were keen to capitalise, with nearly half of the respondents hoping that adopting bitcoin will improve their customer experience.

This sentiment was echoed by the earlier adopters with 93% of retailers who already accept cryptocurrency stating it had a positive impact on their consumer metrics. 

Deloitte believes that “continuous education” will provide regulators with more clarity, enabling wider adoption across a larger range of products and services.

Concluding the report, the professional services company explained that respondents understood the value and benefits of crypto and have taken steps toward enablement.

To learn more about Bitcoin and other cryptocurrencies, visit our learning resource here.

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