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The payment processing company also questioned 1,000 American adults who are not in control of businesses, as well as 500 additional individuals from each other nation. Almost 13% of the 1,500 people polled believe retail outlets will begin accepting digital asset payments in 2022.

Jeni Mundy, Visa's Global Head of Merchant Sales and Acquiring, said that many company owners throughout the globe see the acceptance of new forms of payment as "essential" to their firms' success.

Accepting cryptocurrency is also a "natural development" for many smaller businesses, according to her.

"I believe more individuals are feeling more confident with crypto," Mundy said.

In 2021, adoption soared.
It is reasonable to say that bitcoin acceptance has soared in the last year, as a slew of major corporations has permitted users to purchase with digital assets if they so choose. Examples are Croatia's and Mexico's major grocery chains, Konzum and Elektra.

At one point last year, even Tesla, the world's largest maker of electric vehicles, began taking bitcoin payments for its vehicles. However, the program was discontinued a few months later owing to environmental concerns.

El Salvador's decision to legally accept bitcoin as legal cash inside its boundaries in 2021 was perhaps the most notable example of such adoption.

Survey: The proportion of South African cryptocurrency owners has increased to 11.3 percent, with Bitcoin accounting for 56 percent of all cryptocurrency owners

According to the results of the most recent Finder study, 11.3 percent of the 2,003 South African internet users polled possess cryptocurrencies. This bitcoin ownership percentage is claimed to be somewhat higher than that of the United States (10.5 percent) and Sweden (9.8 percent ).

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Nonetheless, as the survey results reveal, South Africa's current cryptocurrency ownership percentage is still behind the worldwide average, which increased from 11.2 percent in October to 15.5 percent in December 2021. South Africa is presently ranked 21st out of the 27 nations examined.

In terms of the popularity of other cryptocurrencies, the study results show that 56 percent of crypto owners in South Africa possess bitcoin. South Africa is second among the 27 nations in terms of the percentage of internet users who hold BTC. However, the statistics tend to indicate that other cryptocurrencies are gaining momentum.

Related Post: The Significant Increase Of Crypto Usage In Africa

"Between now and the previous poll, the proportion of crypto owners questioned who indicated they owned BTC has declined from 73.5 percent of respondents who said they hold Bitcoin in October to 56 percent in December," according to the Finder study report.

According to the data, ethereum is the second most popular cryptocurrency with a 31.5 percent market share. This ownership percentage, which is 7.1 percent higher than the worldwide average of 24.4 percent, places South Africa as the eighth-highest proportion of internet users who possess ethereum. In third place is XRP, which is held by 25.8 percent of those polled, while dogecoin and Solana are in fourth and fifth place, respectively.

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Meanwhile, the poll discovered that 62 percent of people who indicated they possess cryptocurrency are males, while 38 percent are women. According to the poll results, "men are almost 1.6 times more likely than women to hold cryptocurrency in South Africa."

In contrast, the poll indicated that 48.7 percent of South Africans aged 18 to 34 own cryptocurrency. This proportion is 16 percentage points greater than that of South Africans aged 35 to 54.