Survey: 60% of UK Business Owners See Bitcoin "failing" as Popular Payment...

Survey: 60% of UK Business Owners See Bitcoin "failing" as Popular Payment Method


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A UK survey spanning business owner-managers and entrepreneurs in the region revealed a few takeaways of their outlook on bitcoin.

A majority of the respondents to the Smith William Enterprise Index survey that polls entrepreneurs and owner-managers in the UK said bitcoin will fail to become a widely accepted payment method, reports UK publication City AM.

The quarterly survey polls business-owners to gauge their views on industry affairs. 61% of respondents to the poll also said they did not see the cryptocurrency having a “big impact” on the predominant payment methods or major currencies, in the past five years.

Speaking to the publication, Fergus Caheny, partner in investment management at Smith Williamson stated:

Once heralded as the currency of the future, bitcoin has taken severe hits to its reputation and popularity over recent years.

He further added:

Whilst still having its place, as an international currency and within certain

Read more ... source: TheBitcoinNews

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