73% of merchants plan on internally integrating crypto payment within the next three years, a recently published survey has shown. Additionally, over 50% of large retailers (those with revenues of $500M+) are now spending at least $1 million to build crypto payment infrastructures.
Entitled “Merchants Getting Ready for Crypto,” the study was conducted by auditing and consultancy firm Deloitte, in conjunction with PayPal.
From Dec 3-16, the survey polled a total of 2,000 senior executives from various American retail firms. Among them were those in the fashion, cosmetics, electronics, hospitality and leisure, home and garden, and digital goods industries. Others worked in the personal and household goods, transportation, and food and beverage sectors, among other service firms.
Crypto Payments Adoption Expected to Hike Soon
Per the survey, 85% of retailers expect that crypto payments “will be ubiquitous” in their respective industries in five years to come.
Additionally, 73% of those...
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