Ripple: Around 300 payment companies believe in the potential of blockchain and cryptocurrencies – Bits Media

According to the survey, conducted by Ripple and the Faster Payments payment system advice, about 300 payment providers from 45 Countries are believed, that blockchain and cryptocurrencies can improve the sphere of traditional finance.

Cryptocurrencies can increase the speed of payments and calculations, and also make them more transparent and more affordable for people, Unlike existing financial systems, The providers surveyed were assured. 97% The leaders of the industry believe, that the latest technologies will speed up payments in the next three years, However, for this it is necessary to make more clarity to the regulation of the crypto industry and ensure a high level of safety of payments.

The compilers of the report note, what, despite the relatively low volume of cryptocurrency payments compared to regular payments, the number of settlements using digital assets is growing rapidly. Over the past three years, in the United States, it has jumped on 350%, Whereas large companies like Stripe, Worldpay and Checkout.com added support for stablecoins for calculations.

90% surveyed managers of payment systems consider, that cryptocurrencies can reduce the costs of international transactions, but 75% expected to reduce the costs of internal payments. In addition to saving on expenses, cryptocurrencies and blockchain are able to eliminate the need for preliminary financing, Research participants believe. More than half of the participants consider the possibility of using cryptocurrencies and only 17% Already support payments with crypto actures.

The survey has identified, that almost all respondents are concerned about the environmental impact of cryptocurrencies. Most payment company executives are already familiar with the greener Proof-of-Stake consensus algorithm (PoS).

According to last year's Ripple research, more 70% financial companies believe in the potential of digital currencies of central banks.