Ripple and Faster Payments Council white paper released

Published: Mar 06, 2023 Est. read time: 1 minute

Ripple and the Faster Payments Council have recently released a white paper that explores the state of blockchain and crypto in payments.

The report is a comprehensive survey of over 950 FPC subscribers from 45 countries, representing over 70 primary business lines. The survey covered a range of topics related to blockchain payments use cases, sustainability, usage barriers and benefits, and digital asset ownership. The report is a must-read for anyone interested in the future of blockchain and crypto in the broader traditional banking system.

The report highlights that over 50% of respondents would only buy or strongly prefer to buy sustainable cryptocurrencies. This is a significant development in the crypto space, as it suggests that consumers are becoming more aware of the environmental impact of crypto mining and are seeking out more sustainable options.

Another important finding is that 100% of respondents agree that there are benefits of blockchain and crypto in payments. This is an encouraging sign for the future of the technology, as it suggests that there is broad agreement among industry leaders about the potential of blockchain and crypto to transform the payments landscape.

The report also provides insights into the barriers that are currently preventing the wider adoption of blockchain and crypto in payments. These include issues such as lack of regulatory clarity, concerns about security and privacy, and a lack of understanding among consumers and businesses.

Overall, the white paper is a great insight for anyone interested in the future of blockchain and crypto in payments. It provides a comprehensive overview of the current state of the industry and offers insights into the key trends and challenges that are shaping its future.

The report is freely available to download at https://ripple.com/lp/blockchain-and-crypto-in-payments-fpc-ripple/

It does ask for personal details to be able to access though.