75% of US retailers want to receive bitcoin

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More than three-quarters of US retailers want to accept bitcoins, Ethereum and other cryptocurrencies for payments.


This was revealed by a survey conducted by Deloitte, a US financial services company.


The survey, conducted by more than 2,000 senior members of US retail organizations, found that US retailers wanted to expand the existing payment system and that 85% of them wanted to include cryptocurrencies.

According to the survey, the use of cryptocurrencies as a payment option is increasing worldwide. The main reason for the interest in cryptocurrency for retailers' payments is its growing popularity.

Big merchants have started preparing for cryptocurrencies as they hope to improve the consumer shopping experience.

More than 85% of retailers want to introduce payment options in cryptocurrencies. 83% of retailers are interested in receiving money in stable coins.


Stable coins are said to be cryptocurrencies that try to link their market to safe assets such as Valuecosone or common currencies. USD Coin, Tether and Binance USD are some of the popular stable coins, equivalent to US dollars in value.

While big business in the US has already begun working on an infrastructure system for corrupt payments, these retailers are investing between 10 10 million and 100 100 million to create a crypto-friendly ecosystem.


Half of the retailers surveyed say that introducing crypto payment options will improve the shopping experience for consumers.


"Retail merchants want to introduce payments in digital currency for a number of reasons," the report said. Seeing that the market is changing rapidly, they want to follow consumer preferences.


They need cryptocurrencies to improve their customer experience, as they expect it to increase their customer base.

Stable coins are easier to exchange than bitcoins or other cryptocurrencies. Other stable coins have reserves in common assets but Terra USD maintains it through an algorithm that uses another balancing token, Luna. It controls supply and demand.


The Terra USD called the Algorithmic Stable Coin, broke its 1: 1 link with the US dollar last month. This was followed by a sharp decline in the crypto market. It also greatly reduced TerraUSD's market capitalization, after which regulators insisted on increasing the testing of stable coins.


According to the survey, 40% of retailers are also willing to take advantage of their business by introducing cryptocurrencies for payments.

Many major US brands are already accepting cryptocurrencies for payments.


In May of this year, AMC Theaters, the largest cinema hall in the United States, gained popularity by accepting cryptocurrency as an alternative payment system on its platform and now has 35% cryptocurrency in its online payments.


Swiss luxury watch maker Tag Hoyer, Italian brand Gucci and French brand Balenciaga have also begun receiving cryptocurrencies in the United States.


On the other hand, PayPal, a payment service provider in the United States, has also started integrating cryptocurrency services into a working model for its customers.

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