PayPal: Nearly 40% of American merchants have accepted cryptocurrency payments

Foresight News reports that, according to a joint survey by the U.S. National Cryptocurrency Association (NCA) and PayPal, cryptocurrency payments are rapidly becoming mainstream in American commerce. The survey results show that 39% of U.S. merchants already accept cryptocurrencies at checkout, and 84% believe that cryptocurrency payments will become widespread within the next five years. The survey indicates that customer demand is the main driver of adoption, with 88% of merchants having received inquiries from customers about cryptocurrency payments. Among merchants who accept cryptocurrencies, crypto payments account for approximately 26% of total sales, and 72% of these merchants report an increase in their cryptocurrency sales over the past year. Large enterprises (annual revenue exceeding 500 million USD) have the highest adoption rate at 50%. Merchants cite key benefits of accepting cryptocurrencies as fast transaction speeds (45%), attracting new customers (45%), and enhanced security (41%).