
In a report released yesterday, Deloitte stated over three-quarters of retail merchants will accept payments in cryptocurrencies and stablecoins in the next two years.
What Happened: On June 8, 2022, Deloitte, in partnership with Paypal Holdings Inc (NASDAQ:PYPL), released the report “Merchants Getting Ready For Crypto.” In this report, they interviewed 2,000 executives from major U.S. retail firms across an array of industries. Deloitte’s report deemed consumer demand to be the impetus for crypto adoption.