Crypto or Cash?


Crypto or Cash? Nearly 40% of Small Businesses Accept Virtual Payments

Virtual Payments Do You Take Crypto-Currency? If so, you’re in a growing group of small- and mid-sized businesses in the U.S. leaning into the cryptocurrency phenomenon.

A new survey released by specialty insurer Hartford Steam Boiler and Insurance Co. (HSB) shows that 36 percent of small- and mid-sized businesses accept the digital currency as payment for goods and services.

Also, more than half of those companies reportedly purchased cryptocurrency for their own use, the survey says.

Cryptocurrencies are not issued by governments. Their blockchain technology quickly transfers payments with a clear record of the transactions.

HSB’s survey, conducted by Zogby Analytics, relied on a survey in October of 505 U.S. small- to mid-sized businesses.

Other findings show that younger companies are more inclined to accept cryptocurrency. For example, 47 percent of businesses accepting cryptocurrency had been operating five or less years, and 21 percent had operated for more than two decades.

A potential carrot for businesses using cryptocurrency includes lower processing fees and quicker payments, but there are significant drawbacks, according to HSB Vice President Timothy Zeilman.

Recent Articles

Gift Cards You’ll Want to Give

Two thirds (63%) of holiday shoppers say they are more likely to buy their loved ones a gift card/certificate rather than an actual present this year, and 41% say gift cards are the top item on their own wish lists. That’s according to a survey by Mastercard, but we already know that a gift card

Read More »

Esco Bars By Pastel Cartel

Talk about getting in on the ground floor. The year was 2011 when Darrell Suriff received a call from his college-aged son Justin, excited about a new gadget he’d seen people smoking from at a local club. Turns out Justin had just discovered vaping. “I was very skeptical, at first,” says Suriff, “but I started

Read More »

The Chill Room

Baby steps. Organic. These are just two words to describe the evolution of the Chill Room in W Palm Beach/ Worthington, Florida. Robert Cartagine opened his first vape shop in 2015 with great trepidation, but after realizing that his entire family stopped smoking and started vaping, he saw that there was a need. “In addition

Read More »


They’ve done it again! Randy’s, famous for their wired rolling papers, has been at the forefront of innovative smokeware products and defining smokeware standards for over 45 years. The Loov multi-purpose, table-top vaporiser, is the newest innovation from Randy’s. It offers a session unlike any you’ve ever experienced with its unique “Fill it up, tip

Read More »

Canna Style Smoking Accessories

You can think of Canna Style as your stoner bestie, sharing with you the smoking accessories of your wildest dreams. After years of working for major fashion brands, founder Amanda Smith, created this cute and trendy smokeware brand to fill a void in a traditionally male dominated space, bringing something uniquely different to girls, the

Read More »

Social Media

Most Recent

Are you 18 or older?