Ripple Study: 75% of Firms in the Payment Sector Need to Use Cryptos

[Goodcat49]

Regardless of the fall in the prices of major digital currency assets, adoption has grown and several sectors of the global economy will go on to embrace the use of crypto in the future. This is ratified by a recent study carried out by Ripple which indicated that 75% of firms in the payment sector intend to use cryptos as a means of payment.

The research study involved 22 nations around the globe and covered 700 firms in these nations that are involved in payments. Talking on the findings of the research study at 2018 Ripple Swell Conference, Corey Johnson, the Chief Market Strategist of the firm, revealed the height of huge adoption for cryptos is at hand.

“The world is used to getting things, right now, on-demand. They aren’t waiting for anything. When we look at blockchain and the solutions it offers in cross-border payments, we have an opportunity to address their needs.”

Official Announcement
The report of the research study indicated that 75% of the 700 firms involved in the prospect are heartily anticipating the adoption of at least one crypto as its payment token. It also noted that 45% are "already in production, piloting or near to signing with a blockchain technology provider."

Additionally, Ripple declared the rollout of its cross-border payment product xRapid at the 2018 Swell Conference. At roll-out time, Cuallix, Mercury FX, Catalyst Corporate Federal Credit Union had shown interest in using the token.
It is accurate to say that Ripple's XRP has been performing well, even bumping out Ethereum to take second place after Bitcoin on CoinMarketCap. Nevertheless, it surprisingly faced a drop during the Swell Conference that uncovered the rollout of its bullish product xRapid.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/firms-in-payment-sector-need-to-use-cryptos/

[troiano9]

I wouldnt say need, but it wouldnt hurt