<ul><li>77% of payment leaders see real value in blockchain for faster, transparent transactions.</li><li>B2B and cross-border payments emerge as top blockchain use cases in global surveys.</li><li>Concerns over cryptocurrency in payments wane as regulatory clarity improves, per survey.</li></ul>A recent collaborative <a href="https://ripple.com/insights/blockchain-in-global-payments-4-key-insights/" rel="noopener noreferrer nofollow">global survey</a> by Ripple and the US Faster Payments Council (FPC) has shed light on the shifting dynamics within the industry. This second annual survey, conducted in 2023, delves into the adoption and implications of blockchain technology in payment systems, offering insights from over a hundred leading figures in the field.One of the standout revelations from the survey is the tangible benefits <a href="https://cryptotale.org/?s&#61;blockchain&#43;technology" rel="noopener noreferrer nofollow">blockchain technology</a> is bringing to the payments landscape. A significant 77% of respondents acknowledged the advantages of blockchain for payments, noting its positive impact on cost savings, security, speed of settlement, and transparency. These benefits are not confined to a single type of transaction. They span domestic and cross-border payments, encompassing various formats such as peer-to-peer (P2P), consumer-to-business (C2B), and business-to-business (B2B) transactions.The applications of blockchain in payment systems are vast and varied, with a particular emphasis on B2B transactions, both domestically and across borders. This focus reflects a broader trend in the industry towards leveraging technology for efficiency and innovation in business transactions. Additionally, there is a notable interest in expanding blockchain use to other areas, including <a href="https://cryptotale.org/?s&#61;P2P" rel="noopener noreferrer nofollow">P2P</a> and account-to-account (A2A) payments, indicating a growing recognition of the technology&#39;s versatility.Read full article at <a href="https://cryptotale.org/global-survey-reveals-blockchains-impact-on-payment-systems/" rel="noopener noreferrer nofollow">CryptoTale</a>

Global Survey Reveals Blockchain's Impact on Payment Systems

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