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Merchant Adoption of Cryptocurrencies

Team Members

Aisshwarya Tiwari, Sourabha, Banisha, Nikhil, Herin

Abstract

The rapid digitization of global commerce accentuated by the COVID-19 pandemic has led to adoption of cryptocurrencies or digital assets for payments across different industries and countries. Accordingly, merchant adoption of cryptocurrencies has demonstrated a steep rise in the past two to three years across a range of industries This project analyzed data and trends to identify the leading industries and countries experiencing merchant adoption of cryptocurrencies for payment purposes. In addition, the project highlights several roadblocks hindering the broader adoption of cryptocurrencies for payments, including lack of regulations, price volatility, and the use of cryptocurrencies in financing illicit activities.

Merchant Adoption of Cryptocurrencies - Executive Summary Video

Merchant Adoption of Cryptocurrencies Video

Poster

Poster showing a summary of the project research findings

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