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Ripple Survey Reveals Overwhelming Support for Crypto Payments – Regulatory Uncertainty Sole Barrier

Crypto and blockchain are set to become the catalyst for a long-awaited transformation of the “antiquated and exclusionary” payments industry, according to a survey conducted by Ripple and the U.S. Faster Payments Council.

The survey found that 100% of respondents believe crypto and blockchain can result in benefits like efficiency and cost saving for the payments industry.

However, there is a dire need for regulatory clarity before the evolution can commence. Almost 90% of the respondents said that further growth in crypto payments adoption hinges on regulators providing the industry with clear rules around how to operate.

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