The mass adoption of digital assets continues, and this is really important considering that it’s been one of the main goals that the crypto industry set.
More moves are taking place in this direction to take the crypto space on the right path towards the mass adoption of digital assets.
The online publication the Daily Hodl, notes that the new survey from financial insights firm PYMNTS.com revealed that most of the multinational businesses are now using at least one type of crypto asset.
The study is exploring crypto and blockchain adoption, and gathered data from executives of 250 cross-border businesses operating in various countries.
The annual revenue is at least $10 million. The study also surveyed 250 financial institutions (FIs), including banks and fintech firms.
The research is explaining the fact that crypto offers various advantages to multinational businesses, including reduced transaction costs and more straightforward payment procedures.
The survey highlighted the following:
“58% of multinational firms use at least one form of cryptocurrency with Bitcoin (BTC) being the most widely used at 31%. Meanwhile, 29% of cross-border businesses use stablecoins and 24% use Ethereum (ETH).”
The notes continue and reveal the following:
“PYMNTS’ research finds that only 10% of FIs give their customers any cryptocurrency access. Bitcoin is the most commonly offered (6%), with stablecoins, Bitcoin Cash and Ether each at just 4%.”
We suggest that you check out more data in the original notes.
Institutional money pours into Bitcoin
It’s been reported that institutional money is pouring into Bitcoin like there’s no tomorrow. Check out the latest reports below.
It’s been revealed that ARK Invest CEO Cathie Wood said that large institutional entities with strong hands are moving into Bitcoin (BTC) in a hurry.
During a new interview with Barron’s, Wood explained that institutions have their eye on Bitcoin and this is partially because of its lack of correlation with other assets.