Cryptocurrency Payments Enter New Phase
According to the latest PayPal survey, crypto payments are shifting from experimental to practical use. Around 85% of surveyed merchants believe crypto will become a standard payment method within five years.
Currently, about 40% of merchants support cryptocurrency at checkout, with more than 70% reporting consistent sales growth from crypto transactions over the past year. Some businesses noted crypto payments contributing over a quarter of total sales.
Enterprises Leading the Charge
Adoption is largely driven by large enterprises with annual revenues exceeding $500 million. Nearly half of these companies already accept crypto payments, significantly outpacing small and medium-sized businesses.
- 85% of merchants expect crypto mainstream adoption in five years
- 40% already support crypto at checkout
- Over 70% report increased sales from crypto payments
- Adoption higher among large enterprises
Convenience Drives Future Adoption
Close to 90% of merchants said they would consider crypto payments if the experience matched traditional card transactions in simplicity. PayPal highlighted consumer demand for faster, more flexible payment solutions as the key driver behind crypto adoption.