More than half of the retailers that use Square’s technology at the checkout stand would take Bitcoin as a form of payment, according to a new study.
In a survey of around 100 U.S. merchants, Nomura Instinet found that 60 percent would accept Bitcoin in lieu of dollars. Respondents spanned various industries and had at least $100,000 of annual revenue. The 31-40 age group had the highest representation, with about 40 percent of participants falling under that category.
“This result is surprising, especially amid Bitcoin’s elevated volatility,” Nomura Instinet analyst Dan Dolev wrote in a report Wednesday.