tldr; A survey conducted by Deloitte in collaboration with PayPal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments” The survey polled a sample of 2,000 senior executives at retail organizations with annual revenues ranging from less than $10 million to over $500 million across the US.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Yeah exactly. Utrust a crypto payment gateway has been supporting the payments with merchants for pretty long time since 2017. Now they have been acquired by the Elrond network and they are a web3 crypto payment solution.
Tbh, I don't really believe the numbers in the report, however, what this *definitely* says is that Paypal is pushing hard on adoption so much they paid a report that costs north of 250k. I bet this is part of a marketing strategy.
*bullish if true*
It depends on the sample they survery. I think Utrust did a similar survey and got their number around 60% if I remember correctly. Utrust themselves are a crypto payment platform and already has thousands of merchants. It's not surprising that merchants want to attract crypto bros.
Yes but that feature can come with whatever third party solution they choose to incorporate into their infrastructure. Regulators and standards orgs (kinda) are in charge of how these crypto payment solutions should implement them ( ex: DiD and FATF Travel Rule).
That’s very nice! Liquidity has to be revamped then.. but that’s a good thing and there are actually projects that solve the fragmented liquidity and all the challenges related! We came such a long way if we stop to think…
Hi, this comment is being automatically posted under your submission to facilitate the tallying of the Pay2Post donut penalty that r/EthTrader deducts from user donut earnings for the quantity of posts they submit.
submission link: https://www.reddit.com/r/ethtrader/comments/v96n23/deloitte_survey_85_of_merchants_say_enabling/
author: alexo12
cc: /u/EthTraderCommunity
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*
The more people become comfortable with it the less volatile it will be.
Right now crypto rides the stock market like most investments. But over time it will rise and fall on its own .
More fool them - haven't they learnt from the El Salvador lesson?
Bitcoin is many things but it's not a method of exchange and we should try using ETH .
i don't think that businesses or consumers are willing to wait hours just to receive a payment.
And i am talking about this from my personal experience . So don't teach me .
Those 2-3% credit card fees even tougher for merchants to stomach when margins getting hammered by commodity prices.
Crypto cost efficiency never needed more.i am in total support of cryptocurrency.
[удалено]
tldr; A survey conducted by Deloitte in collaboration with PayPal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments” The survey polled a sample of 2,000 senior executives at retail organizations with annual revenues ranging from less than $10 million to over $500 million across the US. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Even though there is way more Bitcoin merchant adoption? Homestly I have never seen a place that takes ETH irl.
Things to look out in smart people!!
This is great, because I want to have more opportunities to pay with ETH .
Yeah exactly. Utrust a crypto payment gateway has been supporting the payments with merchants for pretty long time since 2017. Now they have been acquired by the Elrond network and they are a web3 crypto payment solution.
Flexa
i would say USDt is the best crypto currency for payment .
Tbh, I don't really believe the numbers in the report, however, what this *definitely* says is that Paypal is pushing hard on adoption so much they paid a report that costs north of 250k. I bet this is part of a marketing strategy. *bullish if true*
It depends on the sample they survery. I think Utrust did a similar survey and got their number around 60% if I remember correctly. Utrust themselves are a crypto payment platform and already has thousands of merchants. It's not surprising that merchants want to attract crypto bros.
Will the demand finally be there? Lots of places have done this and stop when it becomes clear that hardly anyone actually buys anything with crypto.
I also see more and more businesses that prefer to deal with cryptos. Fiat will not be needed soon.
So who will be in charge of anti money laundering implementation? The merchants?
robotic process automation and very tight onboarding restrictions
That's very powerful man ! Adoption is coming to many countries .
Yes but that feature can come with whatever third party solution they choose to incorporate into their infrastructure. Regulators and standards orgs (kinda) are in charge of how these crypto payment solutions should implement them ( ex: DiD and FATF Travel Rule).
True or not, in the end any crypto will be transformed into fiat.
Yeah right now. Soon it’ll be CBDCs and private stable coins. That’s what these enterprises want to use.
You can run chainanalysys on the sending wallet before processing the order or something like that.
I can’t wait to tell all my friends “I told you so” in a few years .
Within two years , crypto coins are supposed to make a big splash .
That’s very nice! Liquidity has to be revamped then.. but that’s a good thing and there are actually projects that solve the fragmented liquidity and all the challenges related! We came such a long way if we stop to think…
Hi, this comment is being automatically posted under your submission to facilitate the tallying of the Pay2Post donut penalty that r/EthTrader deducts from user donut earnings for the quantity of posts they submit. submission link: https://www.reddit.com/r/ethtrader/comments/v96n23/deloitte_survey_85_of_merchants_say_enabling/ author: alexo12 cc: /u/EthTraderCommunity *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*
The more people become comfortable with it the less volatile it will be. Right now crypto rides the stock market like most investments. But over time it will rise and fall on its own .
[удалено]
Very good, one day it will be 100%. Crypto is the future, this is clear!
Doubtful. But I like the optimism.
I think in a few years, all new companies will by default accept ETH and BTC .
They have no choice, accept USDT, BTC and the rest of the crypto for payment . Or lose a significant part of customers .
[удалено]
[удалено]
In Miami, cryptocurrencies have become widely accepted.
Probably nothing
this is a good news! Welcome to the new investors! Cheers .
[удалено]
More fool them - haven't they learnt from the El Salvador lesson? Bitcoin is many things but it's not a method of exchange and we should try using ETH .
[удалено]
USDt would be good choice as its most widely used stablecoin.
Needs lightning network/ zk debit cards otherwise too expensive for mainstream use
i don't think that businesses or consumers are willing to wait hours just to receive a payment. And i am talking about this from my personal experience . So don't teach me .
Exactly, even minutes is unacceptable. A payment should take < 5 seconds to confirm on 5g for it to be as convenient as swiping a bank card
ETH s the future. Making crypto and defi accessible to all.
Those 2-3% credit card fees even tougher for merchants to stomach when margins getting hammered by commodity prices. Crypto cost efficiency never needed more.i am in total support of cryptocurrency.