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German businesses are split in their expectations about the future of cryptocurrency as a means of payment, shows a large-scale study covering hundreds of companies registered in the Bundesrepublik. While nearly half of the interviewed organizations believe crypto payments will become a common phenomenon in the next decade, most remain skeptical about taking decentralized digital money for the goods and services they are offering. German firms undecided on crypto as payment tool The share of German companies accepting and spending cryptocurrencies like Bitcoin (BTC) is still quite small, but many more think crypto payments will grow in the coming years, according to a new survey, carried out by the industry organization Bitkom. Almost half of the respondents, or 48%, believe payments with crypto will be common 10 years from now. Yet, only 2% are currently using them, and six out of a hundred are open to the option, the German crypto news outlet BTC Echo reported on Wednesday. A total of 602 entities, employing at least 20 people, have participated in the poll conducted by telephone between early March and mid-April, this year. A sizable majority (86%) do not plan to start accepting cryptocurrencies in the near future, citing high price volatility, risks of fraud, legal uncertainty, and lack of knowledge among the main reasons for their reserved attitude. Nevertheless, the study found that 12% of large companies, those with at least 500 employees, are considering the digital assets as a payment method, the authors noted. Frederic Meyer, a blockchain consultant working for Bitkom, remarked: “There is interest in blockchain and cryptocurrencies in the economy – particularly in the financial sector, concrete applications are currently making noticeable progress.” Founded in Berlin right before the turn of the century, the Bitkom association now represents over 2,200 firms involved in Germany’s digital…

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Filed under: News - @ July 10, 2025 10:27 am