Here are the key findings from the survey:
Those services include auto bill payments, direct deposits, low cost fund transfers, and bank-branded debit or credit cards. Not only can crypto projects do all of those services automatically, and cheaper than banks right now, blockchain-based funds transfers have settlements that occur in seconds not days.
Additionally, there are several credit cards that provide crypto rewards as a percentage of the card balance in the user’s preferred cryptocurrency. Banks that adopt just a few of those offerings will clearly differentiate themselves from competitors – and the survey results show that banks are scrounging for competitive advantages.
While no one can predict the future of any financial activities, the fact that global banks and lending institutions are seriously considering expanding their cryptocurrency and blockchain options this year can’t be ignored. Adoption of digital currencies by large financial interests would create a bright future for cryptos.
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Source: Cryptocurrency - investing.com
