A new study by Ripple says over 75% of financial institutions intend to use crypto in the next three years and cited a lack of proper regulatory framework as the reason why they hadn't done it previously.
According to Ripple's most recent Value Report, 76 percent of financial institutions intend to incorporate cryptocurrencies into their business practices within the next 36 months. However, the majority of those organizations stated that they would enter the sector if the right regulatory framework was in place.
Twenty percent of consumers worldwide said they would only purchase sustainable cryptocurrencies, according to the report. But the company emphasized that many customers are unaware of which digital assets use the Proof-of-Work (POW) consensus method and which are less power-hungry.
Ripple’s View on Recent Crypto Trends
According to the study (pdf below), over 75 percent of international financial institutions plan to join the cryptocurrency bandwagon within t...