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Most US retailers give high priority to enabling crypto payments: Deloitte

Retail organisations in the US are widely receptive to accepting digital currency payments, spurred by the changing preferences of the younger generations.

June 09, 2022 / 03:08 PM IST
Representative image

Representative image

More than 85 percent of US retailers give high or very high priority to enabling cryptocurrency payments, given the significant interest in digital solutions among the younger generations, a survey by Deloitte has shown. Roughly 83 percent are doing the same for stablecoins.

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Almost three-quarters of US retail executives surveyed reported plans to accept cryptocurrency or stablecoin payments within the next 24 months, Deloitte said in a report titled , prepared in collaboration with PayPal.

The poll was focused on US consumer businesses with annual revenue ranging from below $10 million to $500 million and above.