Report: 82% SMBs are open to accepting cryptos as payments in 2022 - Aliens: AI Crypto News & Markets Updates

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Report: 82% SMBs are open to accepting cryptos as payments in 2022

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AMB Crypto

Fri, Jan 14, 2022

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It’s not just big institutions acquiring crypto but even small businesses have been following the same tune.

The crypto industry is expanding exponentially and so is its adoption for payment among small and medium-sized businesses or SMBs. Crypto is still not an everyday payment method for most consumers.

It noted : “82% of SMBs surveyed said they will accept digital options in 2022 and nearly half (46%) of consumers surveyed expect to use digital payments more often in 2022, with just 4% saying they will use them less.” In the same study, 73% of respondents stated that accepting new forms of digital payment options is a key factor that will affect business growth in 2022.

“59% of small businesses surveyed said they already are or plan to, use only digital payments within the next two years.

For instance, crypto-themed restaurant Crypto Street accepted payments in all digital assets including memecoins and “shitcoins.” Even in the past, the flagship firm had the same conclusion concerning the crypto boom and how it could help small businesses prosper

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