BitPay - Paying With Cryptocurrency: What Consumers And Merchants Expect From Digital Currencies - June 2022 - Learn how merchants and consumers are showing more interest in using cryptocurrency for in-store and online shopping

Paying With Cryptocurrency: What Consumers And Merchants Expect From Digital Currencies

Report: Merchants Accept Crypto At Checkout Despite Investment Value Decline

Cryptocurrency’s investment value may be declining, but a growing number of merchants are willing to accept it as a form of payment at the checkout, according to a new survey of U.S. merchants. Find out why in Paying With Cryptocurrency: What Consumers And Merchants Expect From Digital Currencies, a PYMNTS and BitPay collaboration.

Inside the June Report

  • 77%: Share of merchants that accept crypto that cite lower transaction processing fees relative to other payment methods as a reason for its appeal
  • 32%: Share of businesses that are expanding usage of crypto that say it appeals to them because they believe it can help them reach new customers
  • 27%: Portion of consumers earning more than $100,000 annually who have held a cryptocurrency in the past year

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