Cryptocurrencies appear to be far from ready for business concern-to-business (B2B) commerce sodue to factors like lack of convenience, a new survey suggests.

Co-ordinate to a articulation survey by payment-related startups Invoiced and PaymentsNEXT, 59% of B2B respondents are not open up to the idea of accepting cryptocurrency as a means of payment.

Released on Th, the survey found that only 2% of respondents have adopted crypto payments, while 39% indicated an intention to accept cryptocurrency in the future. The August 2022 study is based on online survey responses from 269 finance professionals.

Source: Invoiced

According to the survey's findings, B2B companies plainly prefer check payments to other payment methods similar debit cards, with 77% of respondents indicating they accept checks as a means of payment. Virtual cards and cryptocurrency payments are way down the popularity list, with but 14% and iv% of respondents accepting them as payment, respectively.

Source: Invoiced

According to the report, an alleged lack of convenience is one of the biggest impediments to the adoption of crypto payments by B2B firms, as 30% of respondents indicated that convenience is a key decision factor when considering this payment choice. Xx-six percent of respondents too indicated that they need cryptocurrency payments to "appreciate in value for the business organisation." Other reasons included issues related to transaction fees, customer demand and demonstrable innovation.

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While the majority of B2B firms are plain not yet ready to adopt crypto payments, such companies reportedly face a significant need for virtual carte du jour and cross-edge payments, with 64% and 62% of respondents exploring or adopting these areas, respectively.

As previously reported, payments in cryptocurrencies similar Bitcoin (BTC) brand upward one of its biggest use case demands, with threescore% of crypto owners in the United States indicating interest in using crypto as a payment method. Some major crypto companies, like Ripple, are focused on providing cross-border payment solutions, such as RippleNet's On-Demand Liquidity, which uses the XRP cryptocurrency.