According to a report by United States bank JP Morgan Chase, blockchain developments are laying down the foundation for digital money, the groundwork for mainstream adoption of blockchain as fast payments and digital currencies is already in place.
However per the report, the adoption of blockchain in banking is three to five years away and it also notes that the crypto market is showing signs of maturity such as increasing institutional participation and the introduction of new contracts on regulated exchanges.
I have always said that crypto and blockchain are here to stay and as can be seen even banks are adopting the blockchain technology and central banks are going for Central Bank Digital Currency.
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