Customer Demand Pushes Crypto Acceptance to 40% of US Merchants

Reading time: < 1 minute

A PayPal survey indicates that rising customer interest has led almost 40% of US merchants to accept cryptocurrency at checkout. This marks a notable step toward digital asset integration in retail.

PayPal noted that 88% of US merchants have received customer queries regarding cryptocurrency payment options. These statistics were derived from a National Cryptocurrency Association survey performed in October.

In total, 619 payment-strategy decision-makers from various industries participated.

May Zabaneh of PayPal stated: “We see crypto payments moving beyond experimentation into everyday commerce. Customer demand for speed and flexibility is driving this, and adopting merchants experience genuine value.”

The survey further found that 84% of merchants predict crypto payments will be mainstream within five years. Though proponents point to advantages like quicker settlement and lower cross-border fees for assets such as Bitcoin and Ethereum, adoption is not uniform and infrastructure remains a barrier.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.