The future of digital currency is bright. This is one of the reasons most U.S. merchants are now interested in leveraging payments in cryptocurrencies, according to a recent survey from Deloitte.
In a “Merchants Getting Ready For Crypto” report released in collaboration with PayPal on June 8, three -quarters of U.S. retailers plan to accept crypto or stablecoin payments within the next two years.
On top of that, more than half of large retailers with revenues in excess of $ 500 million are spending $ 1 million or more to build the necessary infrastructure.
Meanwhile, small to medium companies began to act by investing between $ 100,000 to $ 1 million to support the infrastructure needed for the development.
Moreover, it also found that most or 85% of merchants surveyed expect crypto payments to be widely used by any industry within five years.
For the record, the survey was conducted on 2,000 senior executives at U.S. retail organizations between December 3 and December 16, 2021, which is when the crypto market is still booming, but the results have just been released.
They comprise various sectors namely cosmetics, digital goods, electronics, fashion, food and beverage, home and garden, hospitality, personal and household goods, services and transportation.
