When Will Bitcoin and Cryptocurrencies Be Used for Global Payments? Here are the Ripple Survey Results!

SECwho have been fighting legally for more than two years against Ripple (XRP) He thinks that the outcome of the case will be in his favour.

For cryptocurrencies And blockchain believes that technology will continue to exist.

Ripple’s latest survey also supports this belief.

The Ripple survey released on March 2 revealed that there is a high potential for using cryptocurrencies and blockchain technology in global payments.

This survey is based on Blockchain-based digital payment network. Ripple and the Faster Payments Council (FPC) payment agency.

More than 950 FPC subscribers participated in the survey, including analysts and CEOs in 45 countries.

Respondents were asked about the use and trends of cryptocurrencies in global payments.

“Transforming the Way Money Moves” According to the results of the survey organized under the title of “97% of respondents, they believe that cryptocurrencies and blockchain technology will play an important role in enabling faster payments in the next three years.

In addition, 50% of respondents think that most merchants will start accepting payments in crypto within one to three years.

27% of Middle East and Africa participants, majority of traders by 2024 cryptocurrency believe that it will initiate payments, but this is because central banks in these regions CBDC He said it might work.

Finally, respondents cited regulatory uncertainty and limited acceptance of crypto as the reason for the still lack of full adoption of cryptocurrency payments.

In this context, nearly 90% of respondents pointed out that regulatory uncertainty is the main barrier to cryptocurrency payments.

*Not investment advice.