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According to a recent survey,
three percent of American Internet users prefer blockchain banking to
conventional banking model. The survey was carried out by FOTON. FOTON is a
blockchain banking product backed by an initial money supply. however, the
the product will not materialize until March next year based on the funding efforts.
The survey was conducted on
US Internet users in different age ranges. The result reveals that 3
the percentage of these users is ready to use a blockchain banking application
product today. FOTON presented the survey to 5,000 people at the start of this month.
However, the result of the survey was
made available this week.
Other results of the survey
Of the 5,000 Americans
Internet users, 34% of them are willing to use the blockchain banking
products and apps if they feel ready at the moment. They believe
the blockchain banking solutions are not ready at the moment, and they would like to
to use when it is completely ready.
63% of respondents
openly opposed to the idea of using blockchain banking solutions at the moment
the survey was conducted. This is almost twice the number of people who are willing to use blockchain banking solutions
when they feel they are ready and twenty
times the number of people that are
willing to use it at the moment.
The reason why FOTON led
the survey is to get more information about the market that are about to enter
with their blockchain banking product. However, at the time of writing, the
the company is still in the early stages of initial funding of the coin offering.
FOTON can be receptive and wide
open to user feedback because they do not have a minimum workable product a
alter. As a result, the company has created such insights: "The will of the major financials
institutions and banks to guide and implement different pilots. These would not do it
only make the technology valid but also the additional one
value and return on investment created ".
Bitcoin (BTC) Price today – BTC / USD
While both R3 and Ripple Inc.
have established strategic partnerships with large and important financial institutions,
and banks like BBVA are pioneers in the connection between blockchain and
their industry, over 60 percent of those interviewed do not see it real
benefits in DLT (Decentralized Ledger Technologies).
The word "blockchain" became a lot
popular in 2016 and 2017. However, this year's bear market has caused a
significant reduction in the general interest in the sector. But the
technology is not going anywhere. According to the FOTON report, 90 percent
European and North American banks are now exploring the blockchain.
A couple of years ago, IBM
believed that 65% of banks adopted blockchain technology in 2019.
There are also estimates according to which the blockchain industry would be worth trillions
of dollars by 2030. However, these are not likely to occur due to
the intrinsic distrust of users has for technology.
As a result, the real crypt
the winners in the next two years will be those that create solutions that increase the demand of retail users. This would be
further push investment companies and banks into the blockchain space. Then,
increasing the adoption and demand of technology. This would also affect the value of digital currencies
positively.
