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One Out of Every Three Merchants Wishes to Accept Bitcoin Payments

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Deloitte, the world’s largest accounting firm, conducted a survey from December 3-16, 2021. What is the goal? To determine the likelihood of retail merchant stores accepting bitcoin for payment of cosmetics, electronics, food and beverage, fashion, and transportation.

One of their more intriguing findings reveals that the retailers expected their suppliers to accept bitcoin as payment because they thought consumer interest in doing so had increased by 3200% in the previous year.

30% of the 2,000 participating merchants had already integrated bitcoin payments into their sales systems. And 39% planned to complete their setups within the next 12 months.

Eight months later, the price of bitcoin is still relatively low. Hodlers, on the other hand, will not be shaken. Innovations like the Lightning Network, which reduce costs while enabling a synergy of collaborations, are paving the way.

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Bitcoiners will be pumped up by events like the Bitcoin Zitadelle conference, which will keep them on the right track in terms of monetary righteousness.

Microsoft, Whole Foods, and Gyft, among others, accept bitcoin as payment, as do approximately 15,000 other businesses worldwide. And, while you cannot pay with bitcoin on Amazon, you can buy bitcoin gift cards at Bitrefill and redeem them on the world’s largest online retailer websites.