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A quarter of small businesses across nine countries plan to offer crypto payments -Visa survey

By Hannah Lang (Reuters) - 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...
A quarter of small businesses across nine countries plan to offer crypto payments -Visa survey © Reuters. FILE PHOTO: Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration

By Hannah Lang

(Reuters) - 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 (NYSE:V).

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.

“I think more people are feeling more confident with crypto,” said Jeni Mundy, Visa’s global head of merchant sales and acquiring, in an interview.

Despite their rising popularity among retail and professional investors, cryptocurrencies are not widely used to pay for goods and services, in part because of their frequent fluctuations in value.

On Monday, Bitcoin fell more than 5%, tumbling under the $40,000 level for the first time since September.

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.

Almost three-quarters of businesses surveyed worldwide reported that accepting new forms of payments is “fundamental” to their business growth. For many smaller companies that are moving into new forms of digital payments, adopting crypto may be a natural evolution, said Mundy.

They are asking "what other forms of payment can we take? And what other forms should we be considering?” she said.

The other countries in the survey include Germany, Ireland and Russia.

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26-01-2022 09:29:17 (UTC+7)

EUR/USD

1.1295

-0.0004 (-0.04%)

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↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

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EUR/USD

1.1295

-0.0004 (-0.04%)

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↑ Buy

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Buy (12)

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Buy (7)

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GBP/USD

1.3514

+0.0019 (+0.14%)

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USD/JPY

114.25

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AUD/USD

0.7168

+0.0020 (+0.28%)

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Neutral

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USD/CAD

1.2581

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EUR/JPY

129.04

+0.40 (+0.31%)

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EUR/CHF

1.0380

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Silver Futures

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US Coffee C Futures

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8,666.43

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Adidas AG

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 EUR/USD1.1295↑ Buy
 GBP/USD1.3514↑ Buy
 USD/JPY114.25↑ Sell
 AUD/USD0.7168Neutral
 USD/CAD1.2581↑ Buy
 EUR/JPY129.04↑ Buy
 EUR/CHF1.0380Sell
 Gold1,834.60↑ Sell
 Silver23.718↑ Sell
 Copper4.4968Sell
 Crude Oil WTI86.40↑ Sell
 Brent Oil88.16↑ Sell
 Natural Gas4.129↑ Sell
 US Coffee C238.70↑ Sell
 Euro Stoxx 504,172.25↑ Sell
 S&P 5004,356.45↑ Sell
 DAX15,476.89↑ Sell
 FTSE 1007,504.34↑ Sell
 Hang Seng24,289.90↑ Buy
 Small Cap 20002,004.80↑ Sell
 IBEX 358,666.43↑ Sell
 BASF67.675↑ Sell
 Bayer51.60↑ Sell
 Allianz224.57↑ Sell
 Adidas245.40↑ Sell
 Lufthansa7.069↑ Sell
 Siemens AG141.69↑ Sell
 Deutsche Bank AG11.462↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,190/ 6,240
(-5/ -5) # 1,175
SJC HCM6,180/ 6,245
(-10/ -10) # 1,179
SJC Hanoi6,180/ 6,247
(-10/ -10) # 1,181
SJC Danang6,180/ 6,247
(-10/ -10) # 1,181
SJC Nhatrang6,180/ 6,247
(-10/ -10) # 1,181
SJC Cantho6,180/ 6,247
(-10/ -10) # 1,181
Cập nhật 26-01-2022 09:29:20
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ↀ Giá vàng thế giới
$1,836.80-12.94-0.70%
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ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$86.46+0.430.49%
Brent$89.30+0.30.33%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.460,0022.770,00
EUR24.918,8126.315,80
GBP29.789,2431.061,45
JPY192,82204,12
KRW16,3519,92
Cập nhật lúc 18:54:49 26/01/2022
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