A recent survey in the United States made some interesting findings. The survey surveyed professionals from different financial sectors about encryption and blockchain. The majority of respondents support the use of cryptocurrencies and blockchain technology.
The recent rebound in sales markets has shown crypto to be more relevant. Every great bull market attracts more and more investors into the selling market. As more and more investors join, mainstream cryptocurrencies and blockchains will become mainstream. Some industries are already feeling the rush to adopt encryption. The industry of casting amorphous alloys via blockchain has gone mainstream.
More and more cryptocurrencies are making their way into industries like online payments. Encryption is becoming more and more important in electronic commerce. Payment giants such as PayPal and mastercard are doing just that, launching services that allow users to pay online using encryption.
The majority of respondents said they believe blockchain is broadly scalable. And has reached mainstream adoption. Seventy-three percent of respondents believe their company will lose its competitive edge if they don't use encryption and blockchain.
Passwords replace legal tender?
When asked about the importance of blockchain to the industry, 78 percent of U.S. respondents responded that they believe digital assets will be very important to the industry over the next 24 months. At present, blockchain is gradually penetrating into various industries. Developed new blockchain applications for the industry. Because of this, the adoption of blockchain in the coming years will make or break every American business in every industry.
The most interesting aspect of this survey is the comparison between cryptocurrencies and fiat currencies. 76% of Americans surveyed believe digital currencies will be a strong alternative to legal tender in the next five to 10 years.
The foundations of finance are thoroughly outdated and Linda Paczuk believes that financial services players must reposition themselves and find innovative ways to create economic growth in the currency of the future. The debate over digital currencies has settled. There is no doubt that the world is moving in this direction. For this reason, there are plans to launch digital currency (CBDC). A digital currency that will replace the paper version.