[Binance Research: Payment industry revenue is expected to reach $4.7 trillion by 2029] Golden Finance reported that Binance Research, the research arm of the cryptocurrency exchange Binance, released a report emphasizing that blockchain, distributed ledger technology (DLT) and its The built applications have the potential to significantly increase the efficiency of the payments industry and pose a challenge to players in the space. According to data disclosed in the report, traditional payment systems are expected to generate revenue of US$2.83 trillion in 2024 and are expected to reach US$4.7 trillion by 2029, with a compound annual growth rate of 10.8%. Binance Research pointed out that blockchain can create "miracles" for merchants and consumer experiences, providing a globally unified and transparent digital environment. Due to the large scale of the payment industry, the adoption of technologies such as blockchain may be slow and cautious. However, researchers believe this gives the blockchain industry time to "come out of adolescence", build the necessary tools, and resolve issues such as scalability and regulatory uncertainty.