Brief
- Coinbase examined 100 fortune companies 500 and found that 60% were investing or worked on blockchain projects.
- The use of Stablescoin is also soaring.
- More and more companies are planning to use technology.
About three fortune companies 500 out of five work on Blockchain initiatives, Coinbase found in its crypto state report in the second quarter based on issues of these companies.
About half of the participants said their companies had increased blockchain spending, while in five said it was a key element in their businesses’ strategies, although many have expressed their concerns about regulations.
“So the future of money is here and it is just beginning,” said the report. “But it is clear that greater regulatory certainty is always necessary for the potential of the crypto to be fully achieved.”
The report underlines the growing adoption of digital assets and their underlying technology with many companies which were once cryptographic skeptics which are now part of the mixture of adopters. Powerhouses Blackrock and Goldman Sachs financial services are, among others, have launched Blockchain initiatives, but the survey has revealed that companies in various sectors and sizes have also integrated the blockchain in their businesses.
The number of small and medium -sized enterprises (SMEs) using blockchain has doubled in the past year, with more than 80% of these companies saying that crypto could help them “approach at least one of their financial pain points”, revealed Coinbase.
“The future of money is nowhere more visible than among small and medium -sized enterprises, the backbone of the American economy,” said the report. “Onchain’s technology, in particular for payments, has a great call for a group that considers transaction costs and processing times like their main points of pain.”
The blockchain is the underlying technology on which BitcoinThe network runs: a large online book distributed that records transactions and cannot be easily falsified as it uses cryptography.
Technology now has many other uses, other than payments, with Walmart who uses it to follow its food supply chain and large banks that deploy it for their own financial products.
A number of small companies listed in NASDAQ have started to buy Bitcoin as a way to guarantee better yields for their shareholders, a trend popularized by the strategy – a microstrate microstrate – which has swiveled software development to become a Bitcoin treasure and now manages more than 582,000 BTC worth more than $ 62 billion.
The survey also revealed that 18% of small and medium -sized businesses interviewed used stabbed. Stablecoins are digital tokens fixed at the value of non -volatile assets – usually the dollar.
Coinbase contracted a third party to undertake research, which examined 100 of fortune companies 500. He said that initiatives included “business projects, investments, partnerships and product launches”.
Edited by James Rubin
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