On February 23, Crypto.com released the Crypto for Payments Report. The report shows that about 60% of merchants are willing to accept cryptocurrency payments, and 75% of consumers are willing to use DOGE -1.60%-payments-unless-tesla-accepts-grimacecoin/" data-type="post" data-id="385">cryptocurrency payments.
The report is based on Crypto.com’s 110,000 users and FIS’s 1.5 million merchants. Most of the users are under the age of 40, and the merchants are mainly from the fields of digital media and games. Also, the most favored cryptocurrencies are Bitcoin BTC -2.01%, ETH -2.65%-news/">Ethereum, and USDC.
As of now, only 4% of merchants accept cryptocurrency payments, and the gap between user demand for cryptocurrency payments and current merchant acceptance will stimulate merchants’ acceptance of cryptocurrency payments.
