.Ripple partners with Faster Payments Council to issue an important report and transform payments globally cryptopayments crypto XRP ODL
The report stated that the creation of cryptocurrencies and their growth in the marketplace is now"exciting for the future of payments."
Ripple and Faster Payments Council have conducted a survey, in which more than 300 leaders of the payments industry took part — analysts, directors, VPs and C-level executives.They come from all levels of this industry — banking, retail, fintech, even media and entertainment — from a total of 45 countries scattered around the world.Most attractive feature of crypto for payments
The report stressed that even though trillions of USD continue to be sent around the world using"an antiquated and costly payments system," cryptocurrencies and the DLT technology are presenting a growing venue for improving ways to move payments around the globe — this includes lower fees and increased transparency.
A total of 97% of the respondents reckon that blockchain and crypto are able to significantly transform the industry of payments during the next three years, especially cross-border ones. More than 50% of the people who participated in the survey believe that the majority of merchants will start to accept crypto within one or three coming years. They named cost reduction as the most attractive feature of digital currencies.
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