Nearly 75% of retailers plan to accept cryptocurrency payments within the next two years.

From Starbucks to Lamborghini, consumers are using cryptocurrency to pay for a variety of products, and retailers are taking notice. Nearly 75% of retailers are planning...

According to a Deloitte June survey titled “Merchants Prepare for Cryptocurrency,” nearly 75% of retailers plan to accept payments in cryptocurrency or stablecoins over the next two years.

Deloitte surveyed 2, retail executives representing various sub-sectors including cosmetics, electronics, fashion, transportation and food and beverage.

Digital currencies like Bitcoin are generally only worth what users think they are, whereas stablecoins are a type of cryptocurrency whose value depends on the underlying asset. Stablecoins are often pegged to currencies such as the US dollar or commodities such as gold.

While paying in cryptocurrency is fairly new at the moment, 83% of retailers expect consumer interest in digital currencies to increase over the next year, and more than half have invested more than $1 million in digital currencies, according to the survey. digital payment.

For consumers, this means they can buy clothes, drinks, beauty products and more with cryptocurrency.