A recent survey by Clarify Capital reveals growing interest among business owners and employees in adopting cryptocurrency payments across various sectors of the economy.
According to the study, which surveyed 800 American employees and 200 business owners, 25% of entrepreneurs favor taking out business loans in cryptocurrency. The survey projects that by next year, 10% of companies seeking funding will opt for crypto loans over traditional financing options.
The generational divide plays a notable role in crypto adoption attitudes. Among entrepreneurs interested in crypto loans, 50% belong to Generation Z, followed by Millennials at 28% and Generation X at 27%. Baby Boomers showed the lowest interest at 15%.
When it comes to salary payments, 30% of employees expressed support for receiving compensation in cryptocurrency. The breakdown by generation shows Gen Z leading with 39% interest, followed by Millennials at 32%, Gen X at 23%, and Baby Boomers at 15%.
Bitcoin emerged as the most preferred cryptocurrency for salary payments, with 72% of interested employees choosing it. Ethereum ranked second at 43%, followed by USD Coin at 28%, Litecoin at 17%, and Dogecoin at 15%.
The construction industry shows particularly strong crypto payment adoption, with 20% of contractors already accepting cryptocurrency payments. Surprisingly, Baby Boomers in this sector showed the highest optimism about crypto's positive impact, with 33% expressing support compared to 15% among younger generations.
Some business owners cited independence from traditional banking systems and enhanced privacy as key motivators for considering crypto payments and lending. The survey reveals that 47% of interested entrepreneurs would choose centralized crypto loans, while 37% prefer peer-to-peer options, and 21% opt for decentralized lending.
This growing acceptance of cryptocurrency in business transactions suggests a shifting landscape in how companies and employees view alternative payment methods, pointing toward increased digital currency adoption in the coming years.