A study by Ripple found that three out of four global financial institutions intend to use crypto-assets in the next three years if an appropriate regulatory framework is developed.
A recent study on trends in crypto adoption by Ripple analysts found that 76% of financial institutions around the world are ready to use cryptocurrency assets in the next three years.
Ripple analysts emphasize that the acceptance of cryptocurrency initiatives by the traditional financial sector directly depends on developing a regulatory framework. Industry representatives express high interest in crypto-assets as a hedging tool, but they are concerned about the uncertainty of regulating the sector.
Most institutions surveyed are interested in expanding their financial services with cryptocurrencies. For example, 42% of financial institutions and 41% of companies are willing to use cryptocurrency in their financial portfolios.
The survey participants also argue that the security of crypto-assets is another fundamental factor for their acceptance among financiers. Thus, most respondents refrain from investing in crypto because of increasing fraud in the sector.
At the same time, representatives of financial institutions who participated in the survey highlight the following aspects of the CBDC introduction:
- significant impact on society (36%);
- strengthened economic ties (34%);
- conditions for business prosperity (28%).
The study found that 70% of global financial institutions are interested in using blockchain to process payments. Active work on CBDCs by central banks and the development of the legal framework by government regulators in relation to stablecoin were the main drivers of this interest.
