HSB Survey Finds One-Third of Small Businesses Accept Cryptocurrency

At least one-third of U.S. small and medium-sized businesses accept cryptocurrency as payment for goods and services, a survey released today by HSB, part of Munich Re, has found, with newer companies up to twice as likely to trade in digital credits. The HSB nationwide survey conducted by Zogby Analytics showed that 36 percent of the small and mid-sized businesses accepted cryptocurrency, while 59 percent of those companies purchased digital currency for their own use as well. The business responses were divided by how long they had been operating: 47 percent of companies accepting cryptocurrency had been in business five years or less, compared to only 21 percent in business more than 20 years.