Study Shows Small Businesses are Embracing Crypto as Coinbase Launches #WeAcceptCrypto Small Biz Campaign
Ever since Bitcoin hit its all-time high of $69,000 a few weeks ago, all eyes have been on crypto — especially those of small business owners, as they consider how to hop on the crypto bandwagon. According to recent research from consulting firm Skynova, small businesses are adopting cryptocurrencies faster than you may think.
Their recent “Accepting Bitcoin” study found that nearly a third (32 percent) of the 584 U.S. small business owners surveyed, currently accept cryptocurrencies as payment. The survey results went on to list the following six reasons as to what or whom were the primary drivers for founders to embrace crypto payments for their small businesses. The respondents were asked to give as many reasons as applied to their unique situation.