An increasing number of companies want to implement payments in crypto
The study conducted by HSB reveals that new companies with less than five years of existence show greater openness to accept these payments
A study by HSB reveals that small and medium enterprises (SMEs) with less than five years of existence in the market show greater openness to accept payments with cryptocurrencies, compared to those that have more commercial experience.
The investigation evaluated a total of 509 SMEs based in the US, of which 75% recorded annual income below USD 5 million, handling a payroll below 100 employees.
Among other data of interest obtained from the study, it can be said that 36% of the SMEs evaluated handle models compatible with the use of digital currencies and large volume of them invested in cryptocurrencies at the beginning with the purpose of making use of these assets to personal purposes.
According to this, the vice president of HSB, Timothy Zeilman, commented that new companies are more likely to obtain benefits that bring with them these new payment systems that stand out for being faster in processing operations and costs much more lower than conventional systems.
However, there are other factors that cause uncertainty in some companies that take this step, especially in terms of hacking and theft of funds. According to this, Zeilman comments that “hackers follow money, so fraud can be important problems. In the past they have pirated several exchanges generating multi-million dollar losses. Smaller companies should be more careful as these types of events could have catastrophic results.”
K.Villarroel
Source: dailybitcoin
