Tuesday, October 27, 2020

Blockchain for Payments and the Technology Adoption Lifecycle #SwellbyRipple

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As Ripple continues to build a blockchain technology network for payments that uses the XRP Ledger for extra efficiency, a big question centers around, “How quickly are payment providers adopting distributed ledger technology?”

Enter Celent Senior Analyst Alenka Grealish with her second annual Blockchain in Payments Report. It’s a fascinating real-world study of the phenomenon of the technology adoption curve – and how new technology gets adopted first by the innovators, then the early adopters, growing to the early majority and finally catching steam with the late majority (and laggards).

The Celent report examins how payment service providers use or plan to use blockchain technology and digital assets to overcome these challenges and change the way the world moves money.

How widespread is the adoption of blockchain-based payments by financial service providers? What does the current rate of adoption signal for the near future?

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