B2B firms want cross-border payments but skeptical of crypto: Survey

Helen Partz　　B2B firms want cross-border payments but skeptical of crypto: Survey　　Only 2% of B2B firms have adopted crypto payments so far, while 59% indicated no intention to accept it, one survey says.　　1021 Total views　　23 Total shares　　Listen to article　　0:00　　News　　Cryptocurrencies appear to be far from ready for business-to-business (B2B) commerce so far due to factors like lack of convenience, a new survey suggests.　　According to a joint survey by payment-related startups Invoiced and PaymentsNEXT, 59% of B2B respondents are not open to the idea of accepting cryptocurrency as a means of payment.　　Released on Thursday, the survey found that only 2% of respondents adopted crypto payments so far, while 39% of those indicated any level of intention to accept cryptocurrency in the future. The study is based on online survey responses from 269 finance professionals from August 2021.　　According to the surveys findings, B2B companies apparently prefer check payments to other payment methods like debit cards, with 77% of respondents indicating to accept checks as a means of payment. Virtual cards and cryptocurrency payments are way down the popularity list, with only 14% and 4% of respondents accepting them as payment so far, respectively.　　According to the report, the alleged lack of convenience is one of