Most of American Retailers Consider Crypto Payments In Next 2 Years

According to a recent study, over 75% of US retailers hope to support stablecoin and crypto payment options within the next two years. Deloitte, a UK-head quartered consulting and financial advisory company conducted research on 2,000 chief officers of small-scale American companies and just recently published the results. The study occurred between December 3rd and 16th when the digital asset values were trading high. It also showed that over 50% of institutional retailers valued at $500 million and above are putting in nothing less than $1 million to develop all required infrastructure to make crypto services available. Study Reveals More Than Half Of US Citizens Anticipate Crypto Payments According to the report, a team-up with payment giant PayPal, Deloitte revealed that executives from various industries all had the same intentions. From digital products, fashion, cosmetics, electronics, hospitality and leisure, household and personal products, services, and even transportation. Related Reading | U.S. Macro Pressure Responsible For Entire Bitcoin Downtrend More than 85% of the officials polled stated they would soon be facilitating crypt payments in their industries within the next five years. Besides that, the research showed that cryptocurrency adoption also boomed; over one-quarter of the total polled company officials supported the adoption of crypto. This figure is anticipated to leap to about three-quarters by ...