Published on February 11, 2015 at 15:48 GMT
NEWS IN BRIEF
An online survey has found that 8% of US retailers say they are planning to accept bitcoin within the next 12 months.
The data, collected by the Boston Retail Partners, after surveying 500 retailers across the US, showed that none of the businesses were currently accepting bitcoin, whilst 5% have plans to adopt it within three years.
In contrast, the report found that PayPal was the most widely accepted alternative payment type. The payment processor is already accepted by 13% of those surveyed, whilst 49% plan on adopting it in the next three years.
Apple Pay, arguably the biggest threat to bitcoin, is only accepted by 8% of retailers, although an additional 48% have plans to accept it within three years.
The Google Wallet is currently being used by 3% of surveyed retailers, but 28% have plans to integrate the payment method in the next three years.
The survey also found that "payment security, real-time retail and implementing a unified commerce platform", were the top focus areas for retailers.
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