The San Francisco-based blockchain payment technology giant Ripple has recently conducted a survey to know the level of interest of payment executives from across the entire world in various cryptocurrencies, stablecoins, and central bank digital currencies. The survey revealed that the interest among worldwide payment executives is growing in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), stablecoins, and Central Bank Digital Currencies (CBDCs).
The growing interest in digital assets
Around 854 payment executives from across 22 countries participated in this survey of Ripple. They all are working at different retail banks, digital banks and other financial institutions where they somehow tackle with payment services. Ripple asked these executives regarding their interest in digital assets. Their response showed that they are developing their interest in digital assets with the passage of time.
Out of the total respondents, 47 percent were interested in Bitcoin (BTC) the world’s largest cryptocurrency by market cap. 25 percent said that their interest is in the second-largest cryptocurrency Ethereum (ETH). And 19 percent of them disclosed their interest in Ripple’s native digital currency XRP. However, this ratio is still down when compared to the year 2018.
However, on the other hand, the interest of payment executives in stablecoins and central bank digital currencies surged high in the year 2020 as compared to 2018. The survey revealed that 45 percent of the respondents were highly interested in central banks’ proposed digital currencies. 35 percent of them were interested in stabecoins that are issued by banks while on the other hand, seventeen percent revealed their interest in non-bank stablecoins. The interest in these assets has risen high from 1 percent that was in the year 2018.
The volatility of digital assets concerns payment executives
It was also revealed in the survey by Ripple that payment professionals, however, still have expressed their concerns for the volatility of cryptocurrencies. “The majority of respondents state that they have confidence in digital assets’ reliability, but have concerns regarding their volatility. Respondents in mature markets have the strongest concerns, with 61% stating they were very to extremely concerned,” the report added.