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Bitcoin Price Fails To Launch With $751 Million In Outflows, Are Institutions Cashing Out?

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Ripple report: blockchain can save billions for financial institutions

A joint  report  released on July 29 by Ripple and the US Faster Payments Council shows that blockchain technology could save financial institutions roughly $10 billion in cross-border payment expenses by 2030.  A survey of 300 finance professionals from 45 countries, including those in fintech, banking, media, consumer technology, and retail, revealed that blockchain technology would play a significant role in speeding up payment systems, reducing cross-border payment costs, and enhancing their velocity within the next three years, as reported by the professionals surveyed. 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 Meanwhile, a recent report from Juniper Research confirms that banks choosing to in...