Ripple's 2023 New Value Report reveals the top five crypto trends set to revolutionize businesses and extend their impact beyond traditional boundaries.
1. Traditional financial companies are entering the crypto market, boosting public confidence and investor interest.
2. Around 79% of participants are confident in incorporating cryptocurrency solutions into their businesses, with over 75% willing to explore digital assets like NFTs and stablecoins.
3. Tokenization of global illiquid assets could be a $16 trillion opportunity by 2030, with a majority of respondents planning to incorporate tokenization within three years.
4. Crypto-enabled payments are the primary application for holding cryptocurrency and a probable avenue for widespread adoption.
5. Decentralized Finance (DeFi) empowers individuals by eliminating intermediaries and providing direct access to financial services.
Cryptocurrencies are here to stay, reshaping industries and offering opportunities for innovation and new revenue streams in the digital economy.