PayPal Report: Nearly 40% of US Merchants Accept Cryptocurrency Payments

According to a joint survey by PayPal and the National Cryptocurrency Association, 39% of American merchants have accepted cryptocurrency payments, and 84% of merchants believe that cryptocurrency payments will become popular in the next five years. Customer demand is the main driving factor, with 88% of merchants receiving relevant inquiries. Among merchants who have accepted cryptocurrency, encrypted payments account for 26% of total sales, with 72% of merchants reporting an increase in encrypted sales over the past year. The adoption rate of large enterprises can reach up to 50%. Merchants believe that the advantages of encrypted payments include fast transaction speed (45%), attracting new customers (45%), and enhanced security (41%).