Crypto payments can be a demanding business. A recent survey by the Mercuryo payment network showed that 57% of respondents believe that accepting payments will give companies a competitive edge. Other important statistics, more than one -third of businesses reported that customers refused to pay in Bitcoin (BTC), Ether (ETH) or other digital currencies.

The heat is on the heels of news that Dogecoin (DOGE) will check the payment market Tesla and WhatsApp have started checking payments on Novi’s Meta wallet, Mercuryo’s report confirms who will continue to serve the store as a key driver of crypto.

The report examines 501 major financial decisions in the UK. Nearly half of the large sample is a large company employing more than 250 people. Of those who protested, 40% were housekeepers – or bosses, while the rest were partners or businesses.

Importantly, however, large companies are likely to lead. Among the findings, Petr Kozyakov, CEO and founder of Mercuryo, told Cointelegraph:

“Our research shows that 75% of all large companies believe that cryptocurrency will eventually be invested in any type of financial activity.”
He added that 72% of large business in the payments sector thinks cryptocurrency is the future of payments. More than 75% saw increasing demand from consumers and companies offering cryptocurrency as a payment option.

links: New research shows high demand for cryptocurrency payments

In a series of interviews with the Times, small businesses such as virtual e-commerce retailers, footwear and fintech startups have shown their commitment to cryptocurrencies as a viable option for companies. While paying for Bitcoin with alarming information for a small percentage of their total market share, they say it’s a growing and cheaper business.

Companies such as BitPay, Coinbase and Block are on hand to facilitate business transitions by accepting crypto payments. But, it’s not as easy as earning your salary in crypto – a fast -paced and magnetic model for attracting top talent in 2021.

According to Kozyakov, “the construction of these complex cryptocurrency devices in -house often takes, in some cases, several years to complete.” According to the new technology, “there are still pitfalls and practices to reduce the rate of adoption.”

The report shows that there is no clear legal information in the market for 33% of respondents citing entry barriers, while 27% said the weakness of fraud is widespread, and 28% are still concerned about currency exchange rates.

While the cryptocurrency market capitalization has proven to be effective, sitting on $ 2 trillion for most of 2021, it is clear that ordinary traders are educating about what is being used as payment technology debt. it will take a long time. However, as the company has repeatedly stated, Kozyakov concluded, “it will be the first traveler to receive a reward.”

Source: CoinTelegraph