With all the industry noise and recent market turbulence, it’s easy to dismiss crypto as temporary.
But the reality is that crypto and blockchain solutions have real utility as everyday technologies across a wide range of industries, B2B solutions and applications.
And a number of payments companies have deployed crypto-enabled solutions to speed up transactions, lower costs, and improve transparency and reliability—all major pain points for cross-border payments.
Central banks and governments are also exploring crypto and blockchain in the form of CBDCs to advance financial inclusion, improve the effectiveness of monetary policy and boost payment efficiency, both domestically and internationally.
According to research from the Bank for International Settlements, more than 90% of the world’s central banks are actively exploring CBDCs.