VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Ripple Report Shows: 76% of Financial Institutions Expect to Use Cryptocurrencies by 2025

admin by admin
August 15, 2022
in IT news
0
Portfolio für Kryptowährungen
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter

A new report from Ripple has examined what percentage of financial institutions are interested in using blockchain for payments. In this it was found out that more than three quarters of them plan to use cryptocurrencies by 2025.

On August 11, a global study by Ripple was published, which shows that 76% of the world’s financial institutions will use cryptocurrencies in the next three years, if legislations will allow it.

Meanwhile, at 71%, slightly fewer companies believe that they will use cryptocurrencies in the next three years, which is a departure from the general trend that they are more open to digital assets.

The widespread use of cryptocurrencies for payments is one of the most important factors that companies and financial institutions need to consider when deciding whether or not to include cryptocurrencies in their investment portfolio.

The usefulness of cryptocurrencies as a kind of hedge comes in second place, while the associated use as a bridge currency is in third place.

When it came to figuring out why they would hold cryptocurrencies, 50% of respondents cited using them as a hedge against inflation, as currency for payments, or as an asset to lend, or as collateral for borrowing, as one of the top three reasons.

The majority of respondents (65%) said that they would also buy cryptocurrencies through banks.

Almost 70% of the financial institutions surveyed were interested in using blockchain technology for payments in some form.

The great interest is not only in the blockchain in general, but also with some differences for each of the primary tokens. In addition to cryptocurrencies, this also includes digital central bank currencies such as CBDCs and stablecoins. About 70% of the financial institutions surveyed stated that they are interested in using these tokens for various use cases.

Both companies and financial institutions make payments against a variety of portfolio uses, such as hedging against economic downturns or hedging against foreign currency risks. In all cases, payments take precedence over hedging.

When asked what, in their opinion, the main advantages of introducing blockchain and cryptocurrencies for payments are, financial institutions indicated data security and quality. Prospects for expansion into additional markets and real-time settlements were also an issue.

Previous Post

Ethereum-Merge earlier than expected? Change is brought forward four days

Next Post

Star Citizen could have textures in 8K

admin

admin

Related Posts

Gamer’s Week 2023: Know all the promotions on Amazon Mexico
IT news

Gamer’s Week 2023: Know all the promotions on Amazon Mexico

February 6, 2023
ChatGPT gets paid version with subscription model
IT news

ChatGPT gets paid version with subscription model

February 2, 2023
When is the HOT SALE 2023 in Mexico?
IT news

When is the HOT SALE 2023 in Mexico?

January 31, 2023
Dedicated Servers
IT news

The advantages of dedicated servers: cost, performance, security

January 27, 2023
Different types of proxies and their benefits for online security
IT news

Different types of proxies and their benefits for online security

January 27, 2023
Next Post

Star Citizen could have textures in 8K

Premium Content

Why is the EOS price flying while the crypto market is crashing?

Why is the EOS price flying while the crypto market is crashing?

August 25, 2022
Learn to play drums with Reality Jam Session Submitted by the community

Learn to play drums with Reality Jam Session Submitted by the community

November 23, 2021
With the POEditor, even small development projects have an opportunity to translate software automatically.

Localizing software with the POEditor

January 18, 2022

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • Gamer’s Week 2023: Know all the promotions on Amazon Mexico
  • ChatGPT gets paid version with subscription model
  • When is the HOT SALE 2023 in Mexico?

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?