Jun 10, 2022 - Economy

More than 3 in 5 retailers plan to integrate crypto in near term

Plans to integrate digital currencies internally
Data: Deloitte; Chart: Jared Whalen/Axios

Retailers are gearing up to accept crypto.

Driving the news: That's according to a fresh report from Deloitte. They surveyed over 2,000 executives in retail organizations, and 65% of respondents said that their company either has already enabled crypto payments or should do so within a year.

By the numbers: Other findings include:

  • 64% said they saw significant customer interest in paying with crypto.
  • 85% said they believed crypto payments would be ubiquitous within five years.
  • 83% said enabling stablecoins was a high priority, at least.

What they're saying: “This survey shows that merchants view acceptance of digital currencies — driven by consumer acceptance and demand — as key to driving business, and those that are slow to adopt run the risk of falling significantly behind,” said Zachary Aron, principal, Deloitte Consulting LLP.

Our thought bubble: Very surprising, honestly.

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