More and more financial institutions are aware of the fact that blockchain is revolutionizing the way assets are managed. Indeed, assets are better transferred, stored and accounted for thanks to this technology. Ripple was able to demonstrate this through a study carried out to evaluate the adoption of digital assets around the world. The study allowed him, among other things, to calculate the percentage of financial institutions wishing to use the blockchain for payments.
Adopting cryptocurrencies for payments
Under tweet from Watcher.Guru on August 11, a recent report from Ripple revealed that “ 70% of financial institutions are interested in using blockchain technology for payments ». Indeed, Ripple has interviewed several companies according to which blockchain technology is a guarantee of security and data quality. They believe that these two main advantages make cryptocurrencies suitable for payments.
In recent years, many companies and countries have developed public and private currencies based on the blockchain. Individuals have also started in the field, understanding the entrepreneurial opportunities it offers. All over the world, these actors realize that cryptocurrencies are a completely new financial industry which is full of the future.
Thus, we find ourselves in a context where more and more individuals and entities are investing in the crypto market. Traditional financial institutions understand that they must also enter this sector to remain competitive. In addition, they are thinking of bringing more security to the field in order to reassure investors who are skeptical.
Despite the controversies around cryptocurrencies and blockchain technology, many individuals and entities recognize their usefulness. As proof, 70% of financial institutions would like to use blockchain technology for payments. This percentage demonstrates that cryptocurrencies are increasingly being adopted around the world.
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Behind the generic signature “Editorial CT” are young journalists and authors with special profiles who wish to remain anonymous because they are involved in the ecosystem with certain obligations.