Ripple survey: 97% of payment firms believe in the power of crypto

The global payments industry is bullish on the potential of cryptocurrencies and blockchain to enable faster and cheaper transactions, according to a new survey co-hosted by Ripple.

Blockchain-based digital payment network Ripple, and the Faster Payments Council (FPC) payment organization, 

The latest report by Ripple further reaffirms the significant potential of crypto-related technologies to become a crucial part of the global financial system. As one survey from Zogby Analytics and CasperLabs suggests, as many as 90% of enterprises in the United States, the United Kingdom and China have been experimenting with blockchain technology as of early 2023.

The news comes amid Ripple CEO Brad Garlinghouse’s expressing expectations that the XRP lawsuit with the United States Securities and Exchange Commission would be resolved this year.

“It’s been almost two and a half years since that litigation began. We’ve tried to move forward as quickly as we possibly could,” Garlinghouse said, adding that Ripple expects a decision “certainly in 2023.”