Global Fin Leaders Expect to Start Using Crypto
Ripple’s 2023 New Value Report demonstrates unequivocally that business executives are beginning to choose the benefits of cryptocurrency over their perceived drawbacks. The paper also discusses how the global payment business will change in the future years.
Unsurprisingly, nearly half of those polled in the Ripple survey believe that payment will continue to drive crypto adoption. Over half of respondents say that cross-border payment is still the most important use case for digital currency.
Crypto adoption is expected to rise rapidly due to the faster and simpler payment solutions provided by blockchain technology. Finance leaders are proactive, with up to 80% planning to start using crypto within the next three years. Business leaders worldwide are already using crypto in their businesses. As big players adopt digital currencies, their clients and customers will follow. As digital banking continues to grow, the value of mobile payments reached $1.2 trillion in 2022, displacement of payment rails.
(With inputs from Shikha Singh)
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