New report reveals blockchain's potential to save financial institutions $10B in cross-border payment costs by 2030.
Among the surveyed participants — from analysts to directors and CEOs — 97% firmly believe that blockchain technology will play a crucial role in facilitating faster payment systems within the next three years.
“In the survey, over 50% of respondents believe that lower payment costs — both domestically and internationally — is crypto’s primary benefit,” the report notes. “Juniper Research supports this notion, pointing to blockchain’s potential to significantly increase savings for financial institutions conducting cross-border transactions — an estimated $10 billion by 2030.”
Meanwhile, leaders in the Asia-Pacific region were the least confident, with only 13% projecting the same timeframe. However, across all 300 surveyed participants worldwide, 17% expressed their belief that such adoption could happen within the next year.
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