Can Bitcoin Handle 8% of $4.5 Trillion in US Retail Sales This Year?

NEW YORK (InsideBitcoins) – U. S. retailers are looking to offer customers a secure and consistent payment experience across all touchpoints: in-store, via mobile and online. The payment solution most expected to meet that need is PayPal or ApplePay – but bitcoin is on their radar as well.
For the first time in 16 years, nearly two thirds (63%) of respondents said that payment security is among their top three priorities in 2015, according to a survey of retailers conducted by Boston Retail Partners(BRP). With high profile retail hacks in the news in the past year, the industry is seeking to regain the trust of customers by improving payment security and protecting personal data.
The BRP survey shows that 13% of retailers currently accept PayPal – more than any other alternative payment type – with more than 50% planning to accept it within three years. But ApplePay is making a strong move. While only 8% of the retailers surveyed accept Apple Pay for payment, another 48% plan to accept it within three years.

This post was published at Inside Bitcoins on Feb 12, 2015.