Cryptocurrencies Go Mainstream: Four out of Ten US Merchants Accept Digital Assets

According to a report by Bijie Network: A recent study jointly released by the National Cryptocurrency Association of America (NCAA) and PayPal shows that 39% of merchants in the United States currently accept cryptocurrency payments, and 84% of merchants believe that cryptocurrency payments will become widespread within five years. This shift is mainly driven by customer demand, with 88% of merchants stating they have received related inquiries, and 69% reporting that customers express interest in this every month. Large enterprises are leading in the adoption of cryptocurrency payments, with a penetration rate of 50%. For merchants that accept cryptocurrency payments, crypto transactions account for 26% of total sales, and 72% of these merchants reported an increase in cryptocurrency sales over the past year. Merchants generally believe that the main advantages of cryptocurrency payments include faster transaction speeds (45%) and easier access to new customers (45%).