• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
crypto
Nexo

75% Retailers In U.S. Adding Crypto In Two Years, Says Deloitte

Saeed Hassan by Saeed Hassan
2 months ago
in Crypto News
0
Advertisement

Although crypto market’s current situation looks very scary, digital assets have continuously expanded their reach since its initiation. Likewise, the U.S. also recorded a significant crypto adoption over the last year and will continue to adopt blockchain technology in the future too.

A survey conducted by a professional firm, Deloitte, in partnership with the giant payment method PayPal, has concluded that three-quarters of the retail organizations in the U.S. plan to support digital transfers in the upcoming two years. Dubbed “Merchants getting ready crypto,” pooled 2,000 executives of retail organizations in the U.S. last December to see how merchants treat crypto payments.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Related Reading | Russia Still To Ban Crypto? A Bill To Ban Digital Assets Has Passed First Reading

The report reads:

The majority of merchants believe customer interest will increase over the next year, and nearly 75% reported plans to accept stablecoin payments and almost the same reported plans to accept cryptocurrency payments, both within the next 24 months.

The participating retailer executives showed a high-interest rate on digital currencies. Most of them expect virtual currencies to become an everyday thing as they see mass adoption in the coming years. The report adds;

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Nearly all the respondents agreed that the use of digital currencies for regular, everyday purchases will increase over the next few years.

According to the survey report, 87% of respondents affirmed that including digital transfers in traditional businesses provides a “competitive edge” to them. Similarly, 83% of retailers believe digital assets will get a legal tender in nearly a decade. While 85% expressed their vision that digital currency will have exponential growth in their respective industry in the five years.

BTCUSD_
Bitcoin price currently trades below $22,000. | Source: BTC/USD price chart from TradingView.com

Merchants Building Infrastructure To Integrate Crypto Payments

As it should be, a wide range of executives took part in the survey from multiple industries. It includes cosmetics, digital goods, fashion, leisure, hospitality, electronics, transportation, food and beverages, and other retail sectors.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

As merchants are already eager to adopt digital payment services, more than half of large-scale retailers surpassing $500 million in revenue are spending one million dollars or more to build an infrastructure to enroll digital payments in the future, per Deloitte.

Not only have the large sellers invested in developing necessary infrastructure, but small-sized businesses have marked significant investments to enable digital transactions in the future. Per the report, small companies with revenue between $10 million to $100 million are investing between $10,000 and $1 million to integrate crypto payment services.

Related Reading | Cryptos Into Tanks: Inside Ukraine’s $135 Million Wartime Fund

The report further added that merchants’ spending would continue to increase in the short and long period. In addition, more than 60% of retailers said they expect to increase their budget by over $500,000 by next year. By the way, digital assets were trading at their peak rates at the time of the survey conducted, last December.

Featured image from Pixabay and chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Saeed Hassan

Saeed Hassan

Saeed Hassan is a finance and cryptocurrency enthusiast who has been writing about Bitcoin and the blockchain since 2016. He is an author at Bitcoinist and NewsBTC, and he also runs his blog, where he writes about all things related to crypto and finance. In his spare time, Saeed enjoys playing cricket and watching Marvel series.

Related Posts

Crypto

After Zipmex, Crypto Lender Hodlnaut Files For Creditor Protection

10 hours ago
Chainalysis: Almost $2 Billion Have Gone To Crypto Hacks This Year

Chainalysis: Almost $2 Billion Have Gone To Crypto Hacks This Year

14 hours ago
FOMC, Bitcoin, crypto BTCUSD, BTCUSDT

Why The U.S. Fed Will Require Banks To Report Crypto-Related Activity

14 hours ago
Crypto.com

Crypto Exchange Crypto.com Signs Undertaking With Canada’s OSC

18 hours ago
Crypto

Crypto Exchange Zipmex Granted Three Month Creditor Protection From Singapore Court

1 day ago
EU Creates New Regulator For Crypto Oversight

EU Creates New Regulator For Crypto Oversight

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.