-Blockchain and digital assets initiatives experiecing growth
-Blockchain payment solutions are scaling
-Digital assets are increasingly being considered for facilitating payments, especially when paired with blockchain technology
-Familiarity and positive sentiment about blockchain and digital assets continue to rise
United States, Oct. 18, 2020 / AlexaBlockchain/ – Ripple has published its annual Blockchain in Payments Report— which offers a comprehensive look into the Fintech industry and blockchain’s increasing role in payments.
This year’s report uncovered that not only is growth indeed possible for blockchain and digital assets initiatives, but that familiarity and positive sentiment continue to rise as well.
Across five global regions (North America, Europe, Middle East and Africa, Latin America and Asia Pacific), familiarity with blockchain and cryptocurrency ranges from a whopping 82%-94%. Meanwhile, positive sentiment in both continues to grow, with favorability among cryptocurrency somewhat stronger across regions (62%-75%) than blockchain (52%-73%).
In terms of major takeaways, the Blockchain in Payments 2020 report proves three critical things:
- Blockchain payment solutions are scaling
- Digital assets are increasingly being considered for facilitating payments, especially when paired with blockchain technology
- Industry innovators are realizing significant growth, even amid COVID-19
You can download Ripple’s full Blockchain in Payments 2020 report by clicking here.