TechFlow news: On January 28, according to a Cointelegraph report, PayPal’s latest survey reveals that nearly 40% of U.S. merchants now accept cryptocurrency payments, and nearly 90% report having received customer inquiries about crypto payments. Data shows the highest adoption rates for crypto payments are in the hospitality, travel, digital goods, and gaming industries—primarily driven by millennial and Gen Z consumers. Among merchants accepting cryptocurrency, such payments already account for 26% of total sales.
May Zabaneh, Vice President at PayPal, stated: “Cryptocurrency payments are shifting from experimental use to everyday commercial application.” Eighty-four percent of merchants expect crypto payments to become mainstream within the next five years; however, 90% believe they will only consider adopting them once the crypto payment process is simplified to match the ease of credit card payments.
