A new survey by financial data firm PYMNTS.com reveals that most multinational businesses currently use at least one cryptocurrency. Bitcoin, Ethereum, Bitcoin Cash, stablecoins and Ripple are at the top of the list. However, according to the study, only 4% of the remaining companies have plans to use cryptocurrencies.
58% of companies prefer Bitcoin, 4% prefer Ripple
The study investigating crypto and blockchain adoption gathered data from executives of 250 cross-border businesses operating in multiple countries with at least $10 million in annual revenue. According to research, cryptocurrencies offer numerous advantages to multinational businesses, including lower transaction costs and simpler payment procedures.
The survey shows that 58% of multinational firms use at least one type of cryptocurrency, with Bitcoin (BTC) the most widely used at 31%. Meanwhile, 29% of cross-border businesses use stablecoins and 24% use Ethereum (ETH).
The research also reveals that larger multinational companies are more likely to use cryptocurrencies than their smaller counterparts:
- More than 80% of businesses with $1 billion in annual revenue use at least one type of cryptocurrency.
- For companies with annual revenues between $10 million and $49 million, this figure drops to 7.7%.
In addition, the following ratios are observed in companies that generate more than $1 billion in value:
- 46% currently Bitcoin
- 36.8% Ethereum
- 34.5% Stablecoins
- 32.2% Ripple
The report is not limited to these. According to the data, currently only one in 10 FIs is looking for B2B (business-to-business) customers to use tools to use cryptocurrencies despite a great deal of interest among customers. Additionally, only 4% of FIs that do not provide cryptocurrency access have definite plans to do so. cryptocoin.com According to the research of PYMNTS, which we quoted, companies provide their customers with access to cryptocurrencies at the following rates.
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