Around 300 financial experts were polled across 45 nations by Ripple and FPC.
Blockchain tech may save about $10B in cross-border payment expenses.
In research released on July 29 by Ripple, a digital payments network, and the United States Faster Payments Council (FPC), 300 financial experts were polled across 45 nations. These individuals work in fields as diverse as fintech, banking, media, consumer technology, and retail.
The analysis estimates that by the year 2030, blockchain technology may save financial institutions about $10B in cross-border payment expenses. Analysts, directors, and CEOs all agreed that blockchain technology would be essential in allowing speedier payment systems over the next three years, with 97% of respondents holding this view.
Increased Adoption Rate Expected
Additionally, more than half of the participants thought that cryptocurrency’s ability to reduce costs is the greatest advantage of all. More than half of respondents to the poll agreed that decre
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