11% of small businesses in the U.S. are willing to raise capital through cryptocurrencies

Businesses in the U.S. see the potential of cryptocurrencies as promising for company development.
Bank of America conducted a survey among small businesses in the U.S. with up to 500 employees and found that 11% of respondents are willing to use cryptocurrencies as a tool to raise capital for their companies. At the same time, the most popular option (for 51% of respondents) are bank loans, including overdrafts.
Representatives of large businesses also talk about the big role of cryptocurrencies in terms of their potential. Thus, Suresh Kumar, Chief Technology Officer of the largest retail chain in the world, Walmart, notesKumar said that the corporation is positive about the phenomenon of crypto-assets, noting that “crypto will be an important part of the financial relationship with customers,” which refers to both physical and virtual goods.
He noted that with more and more consumers, marketing communications will be done through social media, and as such, cryptocurrencies are becoming an important part of this digitalization of business. After about 200 bitcoin machines were installed at various Walmart stores in the U.S. in October 2021, the corporation plans to increase its fleet to about eight thousand in the future.
MasterCard According tothat according to a change in The 2022 Mastercard New Payments Index, 29 percent of respondents globally consider cryptocurrencies as an investment vehicle, and another 65% would like to see well-known existing financial market participants offer cryptocurrency services.
Given such desires, the payments giant is launching “a new program that will enable financial institutions to add secure cryptocurrency trading capabilities to their service lines.”

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