Small businesses aren’t sold on Bitcoin

For more insights and key statistics on the biggest trends in today's most disruptive industries, subscribe to our Chart of the Day newsletter.

Of the small and medium-sized businesses (SMBs) in the US that accept cryptocurrency, 93% take payments in Bitcoin, making it the most commonly accepted crypto. Some 61% allow Ethereum payments, and 51% collect Bitcoin Cash. But these merchants are outliers: Less than 10% of the country’s SMBs accept crypto at all, and most of these businesses only started doing so in the past two years. While big businesses bend to Bitcoin, cash is still king for SMBs.

More like this:

• Report: Insider Intelligence’s Payments Trends to Watch in 2022
• Article: Stablecoin payments pick up, challenging Bitcoin as the dominant payments coin
• Article: Payments predictions we got wrong in 2021