US corporate interest in crypto strong despite implementation hurdles
Ninety-nine percent of the respondents to a Paxos survey said their company had put an equal or greater focus on crypto and blockchain projects in 2023 than in previous years.
A new report from crypto firm Paxos revealed that 99% of the United States-based financial services companies surveyed put as much or more focus on crypto projects in 2023 than in previous years.
Paxos surveyed 400 executives from U.S.-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 face various barriers and challenges. Of those surveyed, 56% said implementation complexity is the largest impediment to launching a crypto solution. Paxos said:
