Digital Currency/Crypto Transaction Solutions to Increase Revenue for Small Business in 2022 | Cross-Border Payments Open New Partnership Opportunities

41 sec read

Visa Cards

Visa: One in Four Businesses Surveyed Plan to Accept Cryptocurrency Payments This Year

Visa Cards

Visa published a digital payments study Wednesday revealing a new trend and acceptance of crypto on a broader level. Conducted by Wakefield Research in December 2021. The study surveyed 2,250 small business owners with 100 employees or fewer in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, United Arab Emirates, and the U.S.

Of those surveyed, 24% said they plan to accept digital currencies such as the cryptocurrency bitcoin.

The company elaborated: “An overwhelming 82% of SMBs surveyed said they plan to accept some form of digital option in 2022 and 73% see accepting new forms of payments as fundamental to their business growth.”

Jeni Mundy, Visa’s global head of merchant sales and acquiring, was quoted as saying:

“I think more people are feeling more confident with crypto.”

In December, Visa launched crypto advisory services. Moreover, Visa’s head of crypto recently revealed that the company has partnered with 60 cryptocurrency platforms to let consumers spend digital currency at 80 million merchants worldwide.

What do you think about this Visa survey?
Email me at with your thoughts.