Blockchain finance to grow into $79.3B market by 2032
1 min read
The global blockchain finance market — encompassing public and private blockchains, trading, payments, settlements and asset management — is well-positioned to grow into a $79.3B market by 2032.
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A report recently published by digital payments network Ripple revealed that blockchain could potentially save financial institutions approximately $10 billion in cross-border payment costs by the year 2030.
Results show that global payments leaders are dissatisfied with legacy rails for cross-border payments.
Learn why 97% believe #blockchain and #crypto will transform the way money moves in our latest whitepaper with @Faster_Payments. https://t.co/qacuAAzZrR pic.twitter.com/ForjM05Wbb
— Ripple (@Ripple) July 28, 2023
“In the survey, over 50% of respondents believe that lower payment costs — both domestically and internationally — is crypto’s primary benefit,” the report notes. The statement complements Allied Market Research’s report, which bases its growth trajectory prediction on cheaper and safer alternatives.
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