Multinationals quickly adopted cryptocurrencies or blockchain technology.

More and more companies across the country believe that the success of blockchain technology is essential to their long-term development. Blockchain technology and cryptocurrencies were once considered outliers in the global market, but their versatility has allowed them to be successful for many years and is now an integral part of the long-term business-to-business (B2B) strategies of most companies. financial companies. a thing.

According to a recent PYMNTS survey, 61% of financial institutions (FIs) rate access to cryptocurrency to be "important" or "rare" for their customers, making it the most comprehensive financial service after accepting payments. According to PYMNTS research, financial firms such as corporations are willing to use or offer cryptocurrencies to their customers. Because in this way you can provide solutions without adding unnecessary ones.

43% of companies said the prospect of adopting cryptocurrency or blockchain technology to make it more profitable would affect the development of their blockchain and cryptocurrency. 16% of companies consider this to be the most significant impact.

Now, blockchain technology supports everything from smart contracts that allow payments to be made while delivering finished products to users approved for contactless payments. Cryptocurrency and blockchain technology are new technologies, but they are changing the way the industry and financial companies view the future of industry and commerce. By investing in e-commerce, virtualization makes it easier for consumers, retailers and financial companies to pay and identify user symbols to eliminate friction in store funds.

The PYMNTS report “Currency Exchange: Financial Products and New Cryptocurrency Options” is based on a survey of 250 organizations around the world with revenues of $ 10 million and $ 100 million or more from the 7th to the 27th April 2021.

Here are some other key findings from the study: 93% of financial firms believe their customers will use digital advantages to invest and do business. Digital advantages have become a great option for businesses. 96% of financial companies will use fixed funds for investments and businesses. Stablecoins is one of the first options for financial companies to distribute assets for digital benefits.