Main navigation

Ripple's New Report Sheds Light on the Future of Payments

Thu, 05/25/2023 - 06:15
article image
Alex Dovbnya
Ripple's latest annual report, "2023 New Value Report: Crypto Trends in Business and Beyond," paints an optimistic future for cryptocurrencies and digital assets, despite a challenging past year
Ripple's New Report Sheds Light on the Future of Payments
Cover image via
Read U.TODAY on
Google News

Ripple's 2023 New Value Report paints an optimistic picture of the future of cryptocurrencies and digital assets, presenting insights into emerging trends and indicating the industry's enduring confidence despite a challenging past year.

The report, an annual compilation of surveys and analyses from global finance leaders, highlights areas such as tokenization, central bank digital currencies (CBDCs), decentralized finance (DeFi), and payments as the key drivers propelling the crypto world towards greater real-world utility and business value.

The crypto outlook remains predominantly positive, with more than 90% of global finance leaders forecasting significant impacts on business, finance, and society within the next three years. As many as 79% are confident about integrating cryptocurrency solutions into their operations.

Tokenization of assets, seen as a potentially lucrative avenue by 72% of respondents, is also capturing interest across industries like finance, manufacturing, and media, given its potential to spur innovation and unlock new business opportunities.

XRP Ledger Celebrates Monumental Milestone
The survey reveals that payments are a prime gateway to crypto adoption, with 44% of global finance leaders seeing it as a key use case. The advantages of speed, cost savings, and cross-border payment capabilities have led more than half of global payments leaders to view faster payments as the top benefit of integrating crypto into their operations.

DeFi, though still in its infancy, is being closely monitored by finance leaders, many of whom are already exploring or integrating DeFi solutions into their businesses. About 76% of the surveyed participants expressed interest in institutional DeFi as a means to foster innovation in risk, liquidity, and identity management.

Despite the high interest and positive adoption trends, the report also highlighted challenges that need to be addressed, including privacy, regulatory clarity, risk management, and price volatility. 

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at