Blockchain: $10B Savings by 2030 - Ripple Report 🧮
Finance professionals worldwide believe that blockchain will significantly impact faster payment systems in the next three years, as per a report by Ripple and the US Faster Payments Council (#FPC ).
Blockchain has the potential to save financial institutions $10 billion in cross-border payment costs by #2030 , according to Juniper Research.
Over 50% of respondents in the survey see the main benefit of cryptocurrency as cost reduction. International payment transactions are expected to reach $156 trillion by 2030, with 5% CAGR.
Views on merchant adoption of digital currency vary. Middle East & Africa most confident for 1 year, APAC least. BIS predicts up to 24 CBDCs in 6 years, 93% of central banks researching. 15 retail, 9 wholesale #CBDCs possible by 2030.
