About one-third of US-based small and medium-sized enterprises (SMEs) accept cryptocurrency as a payment for their goods and services, according to a survey commissioned by American insurer Hartford Steam Boiler (HSB), a subsidiary of German Munich Re.

Newer Companies Are More Crypto-Friendly
HSB’s survey found that newer companies are twice as likely to accept cryptocurrency payments and trade in digital credits. Specifically, 47% of businesses accepting cryptocurrencies have been around for five years or less, compared to 21% of companies older than two decades.
In general, the study carried out by Zogby Analytics showed that 36% of SMEs are crypto-friendly, and 59% of these companies had previously purchased cryptocurrency for their own use.
HSB vice president Timothy Zeilman argues that businesses enjoy the benefits that come with cryptocurrencies, including faster payments and lower fees. However, there are several risks to consider, especially in terms of cyber fraud and computer attacks. HSB is up to date on the matter…

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Source: https://thebitcoinnews.com/36-of-u-s-smes-now-accept-cryptocurrency-payments/