U.S. corporate interest in crypto strong despite implementation hurdles
99% of the respondents to a Paxos survey said that their company had put an equal or greater focus on crypto and blockchain projects in 2023 than in previous years.
A report from crypto firm Paxos has revealed that 99% of the U.S. financial services companies it surveyed put as much or more focus on crypto projects this year than in previous years.
Paxos surveyed 400 executives from United States-based financial services companies with at least five million users and $50 billion in assets under management or $50 billion annual payments volume.
The “2023 Enterprise Digital Asset Adoption Report” shows that despite this overwhelming interest in adopting the technology, the companies are facing various barriers and challenges. 56% of those surveyed said implementation complexity is the largest impediment to launching a crypto solution. Paxos said:
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