Poll Suggests That Blockchain Technology Will Impact EU Payments by 2025
The European Payments Council (EPC) has found that 90 percent of respondents believe that the blockchain technology will have a significant impact on payments by 2025. The poll found that 36 percent believed that blockchain technology would have an influence in some niches of the payments activity; 30 percent thought the impact would focus on the emergence of innovative customer payment solutions; and 24 percent said that the impact would be on the overall infrastructure underlying the payments market. Only 10 percent believed that blockchain would have no significant impact, according to....
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The poll recently held among its members by the European Payments Council shows that 90% of them believe Blockchain will change the payment industry by 2025. The EPC represents payment service providers (PSPs) in Europe and promotes European payments integration and development, notably the Single Euro Payments Area (SEPA). The Council says it was curious to know what professionals working in the payments industry truly think when it comes to Blockchain as the ongoing debate about its potential impact is hard to miss. Hence, a question was posed to all interested stakeholders: “How may....
A recently published Reuters poll suggests the European Central Bank (ECB) may wait until the last quarter of the year (Q4) to raise its first interest rate in over ten years. The poll’s author details that after the conflict in Ukraine, “fewer economists” predict the ECB will raise the benchmark bank rate earlier. Moreover, a number of financial institutions worldwide are betting on the Federal Reserve’s rate hike time frame, and how high rates will jump this year. Amid the Conflict in Ukraine, Economists Bet on European Central Bank Rate Hikes While the....
A new Morgan Stanley report aimed at assessing whether blockchain is a threat to big banks agues that the short-term benefits of the technology are likely minimal, but that future growth is likely. Published yesterday, the report features a timeline of when Morgan Stanley predicts certain blockchain milestones will be reached. Culminating in 2025, Morgan Stanley identifies 10 roadblocks to banks integrating blockchain. However, the report includes language that suggests the global investment bank may be seeking to understand how blockchain tech may impact its portfolio or perhaps its own....
A new poll carried out by UK-based market research firm YouGov indicates that a majority of UK shoppers would rather not pay for their merchandise using digital currency like bitcoin. The poll was conducted on behalf of Venda, an e-commerce platform. Of a sample size of 2,052 adults in the United Kingdom, 71 percent said they weren't keen on having bitcoin as a payment option. 8 percent of respondents said they wanted the option, as they felt digital currency like bitcoin is indeed a valid currency. Those in favor of paying for their goods with digital currencies had other reasons, too. 6....
In a survey report published by the World Economic Forum, titled “Deep Shift Technology Tipping Points and Societal Impact,” respondents were polled about tipping points related to technology and when they thought they would occur. According to the survey, Robots and Services are expected to occur in 2021, 3D Printing and Human Health expected in 2023 and Driverless Cars in 2026. These were all ahead of Bitcoin and Blockchain, which the respondents think would only be a tipping point in 2027. The poll further suggests that the tipping point would occur when 10 percent of global domestic....