Over 75 of Financial Institutions Intend to Use Crypto in the Next Three Years

Three-quarters of financial institutions will jump into the crypto universe in the next three years if the sector functions under a comprehensive regulatory framework, Ripple’s study concluded. Ripple’s latest Value Report estimated that 76% of financial institutions plan to use cryptocurrencies in their operations in the next 36 months. The research determined that approximately three-quarters of global financial institutions intend to hop on the cryptocurrency bandwagon in the next three years. When asked why they have not done it already, most participants said it is because of the lack of proper regulations, as well as the multiple scams that have occurred in the space lately.