Enabling crypto payments does not mean companies will be holding digital assets, as more than half plan to have payment processors convert crypto into fiat currency.
found that more than 85% of US merchants view enabling crypto payments as a high priority, with almost three-quarters of respondents planning to accept either cryptocurrency or stablecoin payments within the next 24 months.
Spending on crypto infrastructure is expected to increase, as more than 60% of respondents said they expect to have budgets of more than $500,000 to enable digital currency payments in the next 12 months. Still, respondents cited multiple barriers to adoption of crypto payments, with customer security of the payment platforms topping the list , followed by the changing regulatory landscape and instability of the digital currency market .