Survey: 85% of decision-makers see crypto payments becoming common in 5 years

A PayPal survey found that approximately 85% of respondents expect cryptocurrency payments to become commonplace within the next five years, The Block reported. The report, based on a survey of about 620 payment option decision-makers conducted late last year, also revealed that around 90% have received customer inquiries about crypto payments. Of those surveyed, roughly 40% have already added cryptocurrency as a payment option, with these transactions accounting for more than a quarter of their total revenue. Furthermore, about three-quarters of the businesses that have adopted crypto payments reported a rise in their crypto-related revenue over the past year. May Zabaneh, PayPal's head of crypto, stated that the adoption of crypto payments is accelerating due to customer demand for faster, more flexible options. Zabaneh added that companies are experiencing tangible value after introducing crypto as a payment method.