• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

85% of merchants see crypto payments as a way to reach new customers: Survey

Jon Hartney by Jon Hartney
July 6, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The crypto payment report noted that crypto payment fees are around 1%, which is much lower than other payment options that charge between 1.5% and 3.5%

While the market goes steady, the crypto ecosystem continues to grow as merchants innovate and adopt cryptocurrency payments in their quest to gain new customers. 

Data platform PYMNTS collaborated with Bitpay to survey merchants, in an attempt to understand the trends on what participants expect from digital currencies and their effect on payments and businesses. 

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

In the report titled “Paying With Cryptocurrency,” the researchers found that among businesses with an annual income of $1 billion, 85% are adopting crypto payments to find and gain new customers. On the other hand, 82% of all the merchants who participated in the survey cited crypto’s elimination of middlemen as their reason for accepting it as a payment method.

Apart from these, the results also showed that 77% of the surveyed merchants are also drawn to accepting crypto because of lower transaction fees. According to the report, the fees for processing crypto transactions are around 1%. This is much lower than the usual fees from 1.5% to 3.5% charged by other payment options like credit cards.

While most of the report shows positive perspectives on crypto, some merchants report that technical barriers and challenges still get in their way of adopting crypto payments. Of the merchants that do not accept crypto yet, 68% said that this is because of the challenges that they face in the implementation of the technology at the checkout.

Related: Crypto more popular than mutual funds among millennials, survey shows

Despite the crypto winter, a report published by Cointelegraph Research in June showed that a wide range of companies coming from various industries has already integrated crypto payment options. From entertainment platforms like to travel booking platforms, the crypto ecosystem continues to expand as global adoption progresses.

In the same month, Ben Caselin, an executive at trading firm AAX, told Cointelegraph that despite the bearish market, Bitcoin (BTC) adoption and Metaverse development continues to advance. According to Caselin, this is a good opportunity for businesses that are looking to tap into the crypto ecosystem.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$23,389.000.18%
  • ethereumEthereum(ETH)$1,667.340.65%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$332.531.29%
  • usd-coinUSD Coin(USDC)$1.00-0.10%
  • rippleXRP(XRP)$0.4111530.32%
  • Binance USDBinance USD(BUSD)$1.00-0.06%
  • cardanoCardano(ADA)$0.399910-0.23%
  • dogecoinDogecoin(DOGE)$0.0954291.92%
  • matic-networkPolygon(MATIC)$1.240.93%
  • OKBOKB(OKB)$44.226.12%
  • SolanaSolana(SOL)$24.38-0.49%
  • Shiba InuShiba Inu(SHIB)$0.0000158.33%
  • Lido Staked EtherLido Staked Ether(STETH)$1,663.060.69%
  • polkadotPolkadot(DOT)$6.88-0.17%
  • litecoinLitecoin(LTC)$98.53-0.39%
  • AvalancheAvalanche(AVAX)$20.99-0.85%
  • tronTRON(TRX)$0.0645891.75%
  • UniswapUniswap(UNI)$7.252.03%
  • daiDai(DAI)$1.000.08%
  • cosmosCosmos Hub(ATOM)$14.70-0.71%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,383.000.10%
  • chainlinkChainlink(LINK)$7.220.35%
  • ToncoinToncoin(TON)$2.33-0.12%
  • ethereum-classicEthereum Classic(ETC)$23.842.25%
  • leo-tokenLEO Token(LEO)$3.511.62%
  • moneroMonero(XMR)$173.220.18%
  • AptosAptos(APT)$16.660.70%
  • bitcoin-cashBitcoin Cash(BCH)$137.510.40%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.0931720.06%
  • ApeCoinApeCoin(APE)$5.88-0.72%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.522.58%
  • CronosCronos(CRO)$0.0834891.90%
  • filecoinFilecoin(FIL)$5.52-1.34%
  • QuantQuant(QNT)$143.08-0.98%
  • algorandAlgorand(ALGO)$0.268011-0.20%
  • HederaHedera(HBAR)$0.0734003.49%
  • Lido DAOLido DAO(LDO)$2.19-3.85%
  • vechainVeChain(VET)$0.0249491.23%
  • FantomFantom(FTM)$0.61-2.81%
  • Internet ComputerInternet Computer(ICP)$5.931.99%
  • decentralandDecentraland(MANA)$0.78-0.08%
  • The SandboxThe Sandbox(SAND)$0.782.40%
  • Axie InfinityAxie Infinity(AXS)$11.623.00%
  • AaveAave(AAVE)$88.74-1.10%
  • eosEOS(EOS)$1.111.08%
  • FlowFlow(FLOW)$1.16-0.10%
  • MultiversXMultiversX(EGLD)$46.761.97%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000193-1.36%
  • theta-tokenTheta Network(THETA)$1.143.10%
  • tezosTezos(XTZ)$1.193.88%
  • FraxFrax(FRAX)$1.00-0.04%
  • The GraphThe Graph(GRT)$0.11114511.89%
  • true-usdTrueUSD(TUSD)$1.00-0.08%
  • huobi-tokenHuobi(HT)$5.813.31%
  • paxos-standardPax Dollar(USDP)$1.00-0.15%
  • kucoin-sharesKuCoin(KCS)$8.821.04%
  • havvenSynthetix Network(SNX)$2.694.62%
  • bitcoin-cash-svBitcoin SV(BSV)$43.51-0.16%
  • Curve DAOCurve DAO(CRV)$1.09-1.01%
  • ChilizChiliz(CHZ)$0.1455660.45%
  • PancakeSwapPancakeSwap(CAKE)$4.586.10%
  • Rocket PoolRocket Pool(RPL)$40.420.19%
  • Frax ShareFrax Share(FXS)$10.25-4.92%
  • eCasheCash(XEC)$0.0000391.12%
  • BitTorrentBitTorrent(BTT)$0.0000011.49%
  • ImmutableXImmutableX(IMX)$0.91-2.62%
  • USDDUSDD(USDD)$0.99-0.09%
  • Trust WalletTrust Wallet(TWT)$1.691.55%
  • iotaIOTA(MIOTA)$0.2487253.89%
  • BitDAOBitDAO(BIT)$0.580.49%
  • dashDash(DASH)$60.98-1.31%
  • Mina ProtocolMina Protocol(MINA)$0.82-2.77%
  • KlaytnKlaytn(KLAY)$0.2139291.66%
  • GateGate(GT)$4.50-0.63%
  • OptimismOptimism(OP)$2.99-0.78%
  • makerMaker(MKR)$705.511.41%
  • neoNEO(NEO)$8.81-0.30%
  • cUSDCcUSDC(CUSDC)$0.022730-0.05%
  • ArweaveArweave(AR)$11.92-2.11%
  • zcashZcash(ZEC)$46.35-0.27%
  • GMXGMX(GMX)$70.38-4.65%
  • OKCOKC(OKT)$32.677.92%
  • RadixRadix(XRD)$0.057407-2.80%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.13%
  • cDAIcDAI(CDAI)$0.0221790.08%
  • THORChainTHORChain(RUNE)$1.87-0.64%
  • OsmosisOsmosis(OSMO)$1.05-4.18%
  • Tokenize XchangeTokenize Xchange(TKX)$6.800.66%
  • RenderRender(RNDR)$1.819.14%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.00000051.04%
  • loopringLoopring(LRC)$0.402658-1.29%
  • PAX GoldPAX Gold(PAXG)$1,863.05-0.04%
  • zilliqaZilliqa(ZIL)$0.030270-0.76%
  • enjincoinEnjin Coin(ENJ)$0.4866053.63%
  • Convex FinanceConvex Finance(CVX)$6.53-1.13%
  • 1inch1inch(1INCH)$0.619.16%