“There was a lot of money put at stake. The world is used to getting things, right now, on-demand. They aren’t waiting for anything.”Johnson believes that the solutions provided by blockchain technology were like an opportunity for Ripple to address the needs of organisations and people from all around the world. Blockchain technology and the virtual asset industry have the potential to modernise international payments. This could also ensure that money transactions across international borders could be smooth, reliable and most importantly, fast. A few questions were still left unanswered though. The Senior Analyst for Corporate Banking at Clent, Alenka Grealish covered a few specific parts of the report. According to Grealish, 700 global payments professionals across several unique industries and 22 countries were addressing questions regarding the scope of blockchain adoption and the overall benefits that blockchain technology holds.
“When you envision the scale with the status quo on one side and the forces of change on the other, we see that the status quo weighs heavy, but the forces of change are starting to dominate — to tip the scale in the direction of change”The report also mentions that around 75% of the respondents said that they were interested in adopting the virtual assets as their general currency. This was with reference to the mass adoption of blockchain technology, about 45% of the individuals who were questions that they were either in production or close to closing a deal with a provider of blockchain. What are your thoughts? Let us know what you think down in the comments below! References AMB Crypto