According to the results of the study, more than three-quarters of retailers in the United States intend to begin accepting payment for services in crypto within the next two years.

Retailers Exposed to Cryptocurrency

Deloitte conducted a survey in collaboration with PayPal among 2,000 US retailers. According to the results of the study, which was conducted in the last month of the year from the 2nd to the 16th, 75 percent of respondents intend to accept crypto and stablecoins for payment in the next couple of years. The results of the survey have now been published.

Over 50% of retailers with over $500 million in trading capital said they are already spending more than $1 million building the infrastructure required to support cryptocurrency payments.

85% of retailers believe that "in the next five years, cryptocurrency payments will become widespread throughout the retail industry." They also expect their counterparties to similarly accept crypto and/or stablecoin payments.

Nearly half of respondents categorized support for crypto payments as a “high priority.”

Crypto is a matter of image

More than half of sellers (64%) report that their buyers are deeply interested in getting paid in crypto. It is believed that this kind of buying interest will be one of the incentives for the adoption of cryptocurrencies everywhere.

Approximately 93% of US retailers currently accepting payments in cryptocurrency believe that this move will have a positive impact on their trading performance.

Presumably 50% of the respondents have an expectation that such adoption of crypto will increase their level of satisfaction with the quality of the service. 40% of those surveyed believe that this will help shape their brand image as a "progressive" firm that uses the latest in technology.

Commenting on the obstacles in the way of this process, sales representatives noted the following difficulties: 43% - the security of payment systems; 37% - changes in regulation; 36% - cost volatility; 30% - deficit budget.

The results of the Deloitte survey are promising, because the analysis was conducted in the context of a cryptocurrency market downturn that began in November 2021.

Deloitte concluded that study participants “realize the degree of importance and benefits” of cryptocurrency products and services and are currently implementing measures to implement this functionality. The definition of regulation mechanisms should play a decisive role in the subsequent implementation of the crypt.

The study involves representatives of retail trade, who speak on behalf of various industry segments (from the cosmetics and food industries to household appliances, electronics, cottage goods, home, and we will also include the tourism business, the transport sector).