FinanceLane
  • Funding
    • Equity Funding
    • Debt Funding
    • Crowdfunding
    • Real Estate Funding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Commodities
    • Forex
    • Private Equity
    • Real Estate
    • Crypto Investing
  • Lending
    • Personal Loan
    • Business Loan
    • Mortgage
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Health Insurance
    • Auto Insurance
    • Education Insurance
    • General Insurance
  • Banking
    • Individual Banking
    • Business Banking
    • Investment Banking
    • Neo Banking
    • Payments Bank
  • Crypto
    • Crypto Coins
    • Crypto Trading
    • Bitcoin
    • Blockchain
    • DAPP
    • Crypto Investing
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Payments
    • Digital Banks
    • Alternative Financing
    • Asset Management
    • Softwares
  • Venture
    • Startup Ecosystem
    • Merging & Acquisition
    • Equity Investing
    • Franchising
    • Business Offers
  • Login
No Result
View All Result
crypto
  • Crypto Coins
  • Crypto Trading
  • Bitcoin
  • Blockchain
  • DAPP
  • Crypto Investing
FinanceLane
Home News Feed Blockchain News

76% of Financial Institutions Eyeing Crypto Adoption in Next 3 Years, Ripple Report Shows

BlockchainbyBlockchain
July 18, 2022
in Blockchain News, Crypto
Reading Time: 2 mins read

More financial institutions intend to join the crypto bandwagon for various reasons like bridging the payment gap, according to a report by crypto solutions provider Ripple. 

The Ripple report, “New Value: Crypto Trends in Business & Beyond,” highlights how the crypto space is revamping the finance landscape. The research highlighted:

“76% expect to use crypto in the next three years, assuming regulation allows for it. In a deviation from the pattern of the enterprises being more favorable to digital assets of all types and more optimistic about their benefits, slightly fewer enterprises, at 71%, say they will use crypto in the next three years.”

Financial institutions not only see crypto as a speculative asset but also as an ideal payment channel, collateral, and inflationary hedge.

The Ripple report also pointed out that institutional crypto adoption might be at a tipping point and stated:

“A tipping point scenario where institutional adoption begets broader institutional adoption, the speed of which can be fueled by a variety of factors including use for hedging and payments.”

When choosing cryptocurrencies, financial institutions and enterprises did not highly consider sustainability. 

Nevertheless, consumers were keener when choosing sustainable crypto. Per the report:

“Over 75% of consumers say they would prefer to buy a cryptocurrency that is sustainable. And more than 20% of global consumers say they would only buy sustainable cryptocurrencies.”

The consensus was that financial institutions and enterprises saw crypto as a stepping stone toward more equity and inclusion in their organizations.

Meanwhile, the appetite for cryptocurrencies in e-commerce has been gaining steam because they render more convenient and safer payments, according to a report by global payments solution provider Checkout.com.

Deloitte shared similar sentiments by highlighting that 87% of merchants eyed crypto payments based on the competitive advantage presented, Blockchain.News reported. 

Image source: Shutterstock Read The Original Article on Blockchain.News

Tags: CryptoCRYPTO ADOPTIONENTERPRISESIndustryResearchRipple

Related Topics

Blockchain

Opensea Opens Bulk NFT Listings & Purchases for Users

Bitcoin

Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark

Prev Next

You May Like

Blockchain

Opensea Opens Bulk NFT Listings & Purchases for Users

Bitcoin

Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark

Advisory

Bank FDs vs post office term deposit: Which offers senior citizens higher interest rate for short term

Blockchain

Crypto.com Offers Google Pay and Apple Pay Support for Canadian Users

Blockchain News

Coinbase Introduces PayID and Premium Services for Aussie Retail Customers

Blockchain News

Yuga Labs Sets Up BAYC Community Council to Boost Innovations

Advisory

Central govt employees: General Provident Fund (GPF), CPF interest rates announced for Oct-Dec 2022 quarter

Bitcoin

Bitcoin Crosses $20K Mark, as Whales Continue to Accumulate Tokens

Financial News

Blockchain News

Barclays to Buy Stakes in Crypto Firm Copper

Blockchain
by Blockchain
Bitcoin

Crypto Lending Platform SALT Works with Cion Digital, Launching Crypto Lending Service for Auto Dealers

Blockchain
by Blockchain
Advisory

Pensioners can change nominee for payment of life-time arrears: How the Payment of Pension Arrears Act helps

FinanceLane
by FinanceLane
Advisory

The battle of stock market bulls and bears has pretty much always been one-sided

FinanceLane
by FinanceLane
Advisory

NSDL nomination: How to add, change nominee details online in demat account

FinanceLane
by FinanceLane
Advisory

Last date to complete PM Kisan eKYC extended to May 31, 2022

FinanceLane
by FinanceLane
Bitcoin

Human Rights Advocates Urge U.S. Lawmakers to Concern Crypto, Saving Crumbling Currencies

Blockchain
by Blockchain
Blockchain

OpenSea to Lay off 20% of Employees

Blockchain
by Blockchain
Bitcoin

Mining company Argo Blockchain to Launch Flagship Mining Facility in Texas

Blockchain
by Blockchain
Bitcoin

CHILIZ Launches Layer 1 Blockchain for Sports and Entertainment Industry

Blockchain
by Blockchain
Blockchain News

Exploitation in the NFT World is Real But Are They Preventable?

Blockchain
by Blockchain
Advisory

DCB Bank revises MCLR on loans

FinanceLane
by FinanceLane
Load More
FinanceLane.com
  • Disclaimer
  • Privacy Policy
  • Terms of use
  • Subscribe
  • Contact

Subscribe to get the latest updates

Follow us on

© 2022 FinanceLane.com. All rights reserved.

  • Home
  • Funding
    • Equity Funding
    • Debt Funding
    • Real Estate Funding
    • Crowdfunding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Private Equity
    • Merging & Acquisition
    • Real Estate
  • Lending
    • Personal Loan
    • Business Loan
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Auto Insurance
    • Education Insurance
    • Health Insurance
  • Banking
    • Business Banking
    • Payments Bank
    • Investment Banking
    • Individual Banking
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Alternative Financing
    • Payments
    • Asset Management
    • Digital Banks
    • Softwares
  • Fintech
    • Alternative Financing
    • Asset Management
    • Digital Banks
    • Softwares
    • Payments
  • Crypto
    • Crypto Investing
    • Crypto Trading
    • Crypto Coins
    • Bitcoin
    • Blockchain
    • DAPP
  • Subscribe
  • Contact
  • Login

© 2022 FinanceLane - Terms and Conditions | Disclaimer | Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.