Cryptocurrency adoption and popularity have skyrocketed, gradually entering the mainstream financial systems. More people and companies are turning to digital assets due to the expanding applications and use of crypto and blockchain. 

Many people now depend on digital assets for different purposes, including payment and settlement of bills. A recent Ripple survey also found that leading payment firms think crypto and blockchain projects could improve the payment industry.

These leaders envisage several benefits, such as cost reduction and enhanced efficiency. However, worries about regulation are still rampant.

Ripple Survey Shows Benefits Of Blockchain And Digital Payments

The blockchain company Ripple Labs and Faster Payments Council conducted a recent survey on crypto and blockchain. Ripple took to its official Twitter page to share the data.

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According to the survey data, most prominent payment industry leaders are optimistic about the solutions from crypto and blockchain-enabled services. The leaders believe that such benefits will greatly improve the payment sectors. 

Ripple and the US Faster Payments Council handled the survey involving 300 payment leaders. The survey sampled the participants’ opinions on the benefits and challenges of cryptocurrency and blockchain in the payment sector.

The report showed that 97% of the participants think blockchain and the digital sector could enhance payment speed within the next three years. Also, they are positive about a boost in customer value in the industry through solutions from crypto and blockchain.

Further, the survey looked into the key benefits of crypto solutions t

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Author: Eli Dambell

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