Almost a quarter of small businesses in nine countries around the world plan to accept digital currencies as a form of payment in 2022, while 13% of consumers in those countries expect retail stores to begin offering crypto payments this year and beyond, according to a survey by Visa Inc .
Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021.
Despite their rising popularity among retail and professional investors, cryptocurrencies are not widely used to pay for goods and services, in part because of their frequent fluctuations in value., tumbling under the $40,000 level for the first time since September. Visa found that more than 30% of small business merchants in the United Arab Emirates, Hong Kong, Singapore and Brazil plan to offer customers the option to pay using crypto in the coming months. Digital currencies have taken off in each of those jurisdictions, despite varying regulations.
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