Ripple Inc. Payment Report: Digital assets and blockchain technology are at a turning point toward mass adoption
At the Leading Edge of Mass Adoption
Mr. Johnson discussed Ripple’s survey report “Blockchain and Payments” at the company’s event SWELL. The report analyzes trends in payments and the adoption of blockchain and digital assets in financial services, based on data from the Boston Consulting Group (BCG) and a survey of senior corporate executives.
Mr. Johnson spoke as follows.
“Based on the survey results, the situation we face is that we are at the very forefront of mass adoption. When talking to decision-makers, they are genuinely looking at ‘this technology,’ and this mass adoption is about to reach a turning point. We are right at that turning point.”
BCG’s report shows the following macro data.
・The current global market size for cross-border payments is $27 trillion (about 3,000 trillion yen)
・From 2018 to 2026, an additional $20 trillion in growth is expected
・According to the World Bank’s most recent data, international remittances alone are expected to reach $642 billion (about 70 trillion yen) this year.
