39% of Merchants, 60% of Banks: Crypto Payments Hit Tipping Point

Signs that cryptocurrency is transitioning from a speculative asset to a legitimate payment method are emerging across the United States.

The convergence of merchant adoption, major banks entering the Bitcoin business, and massive investment flowing into payment infrastructure is fueling predictions that 2026 could mark the tipping point for crypto payments.

39% of Merchants Already Accept Crypto

According to a survey released Jan. 27 by PayPal and the National Cryptocurrency Association (NCA), 39% of US merchants already accept cryptocurrency payments. Meanwhile, 84% expect crypto payments to become commonplace within the next five years.

Consumer demand is driving adoption. Eighty-eight percent of merchants report receiving customer inquiries about paying with crypto, and 69% say customers want to use crypto at least once a month. By generation, interest from Millennials (77%) and Gen Z (73%) is overwhelming. Notably, small businesses see the highest inquiry rates from Gen Z at 82%, far exceeding mid-size companies (67%) and large enterprises (65%).

By industry, hospitality and travel leads at 81%, followed by digital goods, gaming, and luxury retail (76%), and retail and e-commerce (69%).

“What we’re seeing both in this data and in conversations with our customers is that crypto payments are moving beyond experimentation and into everyday commerce,” said May Zabaneh, Vice President and General Manager of Crypto at PayPal. “When crypto payments are offered in ways that feel as familiar as cards or online payments, they become a powerful growth tool.”

A striking finding is that 90% of merchants said they would accept crypto if the setup process were as simple as accepting credit cards.

“What this data makes clear is that interest in crypto isn’t the problem; understanding is,” said Stu Alderoty, President of the NCA. “We’re working together to help close the knowledge gap and show how crypto can be simple, accessible, and easy for everyday businesses and consumers.”

60% of Top US Banks Move Into Bitcoin

Traditional finance is also moving fast. According to January 2025 data from crypto financial platform River, 60% of the top 25 US banks by assets—15 institutions—have either launched or announced Bitcoin custody or trading services.

PNC Group has launched both custody and trading services. JPMorgan Chase, Charles Schwab, and UBS have announced trading services, while Goldman Sachs, Morgan Stanley, and Wells Fargo are offering services to high-net-worth clients. American Express has introduced a Bitcoin rewards card.

Just a year ago, most Wall Street giants maintained a wait-and-see approach. Now they are rushing into the crypto business—clearly indicating that demand from institutional investors and high-net-worth individuals has reached levels too significant to ignore.

Mesh Achieves Unicorn Status as Capital Flows to Infrastructure

Investment in payment infrastructure is accelerating. Crypto payments network Mesh announced on Jan. 27 that it raised $75 million in Series C funding, achieving unicorn status with a $1 billion valuation. Total funding now exceeds $200 million.

Dragonfly Capital led the round, with participation from Paradigm, Coinbase Ventures, and SBI Investment. Notably, a portion of the funding was settled using stablecoins. Mesh described this as “definitive proof that global institutions are now comfortably relying on blockchain-native settlement when enterprise-grade execution, auditability, and controls are firmly in place.”

Mesh’s core technology, SmartFunding, enables an “Any-to-Any” structure: consumers pay with any cryptocurrency they hold—whether Bitcoin or Solana—while merchants receive instant settlement in their preferred stablecoin (USDC, PYUSD) or in fiat currency. The network currently reaches more than 900 million users worldwide.

“The winners of the next decade won’t be those who issue the most tokens, but those who build the network of networks that makes traditional card rails obsolete,” said Bam Azizi, Co-founder and CEO of Mesh.

Will 2026 Be the Turning Point?

The three data points converge on a single direction. Consumer demand for crypto payments—especially among younger generations—has reached critical mass. Merchants and traditional financial institutions are responding. And massive capital is flowing into the infrastructure to support it all.

Challenges remain. As the PayPal-NCA survey revealed, simplicity is still the biggest barrier. But it is encouraging that companies like Mesh are focused on hiding complexity behind the scenes and delivering a user experience identical to traditional payments.

Cryptocurrency is moving from the realm of speculation to the realm of infrastructure. 2026 may be the year that transition begins in earnest.