Goldman Sachs Describes Ripple as ‘An Opportunity in Payments’

In the “Digital Assets and Blockchain Overview” report published by Goldman Sachs, one of the world's largest investment banks, he described Ripple as an “opportunity in payments” together with the peer-to-peer payment technology Circle and Coinbase.
 Goldman Sachs Describes Ripple as ‘An Opportunity in Payments’
READING NOW Goldman Sachs Describes Ripple as ‘An Opportunity in Payments’

In the “Digital Assets and Blockchain Overview” report published by Goldman Sachs, one of the world’s largest investment banks, he described Ripple as an “opportunity in payments” together with peer-to-peer payment technology Circle and Coinbase.

The report highlights RippleNet, a network of corporate payment providers such as banks and money remittance services using solutions created by Ripple.

The growing interest of people in cryptocurrencies has led to crypto assets becoming more prominent in most industries. Especially the financial industry continues to work in the crypto money sector. Earlier, famous investor Warren Buffett, known for his anti-crypto, invested $ 1 billion in Bitcoin-linked Brazilian digital bank Nubank.

Increasing Interest in Blockchain-Based Payments

Ripple’s recent Cornerstone Advisors survey revealed that 60% of consumers who already own crypto will use banks to invest in cryptocurrencies. Also, a PYMNTS.com report revealed that 78% of millennials and 82% of millennials are interested in crypto for contactless shopping.

Countries in Asia and the Pacific have also risen to the top of the world in offering instant payments using digital banking systems.

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