Global and US Cryptocurrencies Research Report 2021: Institutional Interest has Increased as Governments and Banks have Invested in the Space
Dublin, June 04, 2021 (GLOBE NEWSWIRE) -- The "Cryptocurrencies: Governments and Banks Catch Up to the Adoption Curve" report has been added to ResearchAndMarkets.com's offering.
While cryptocurrencies previously stood at the fringe of the payments space, in 2021, institutional interest has increased as governments and banks have invested in the space. The U.S. regulatory agencies have acted as key drivers by creating roadmaps and guidance for companies wanting to get involved with new or existing crypto projects.
Meanwhile, certain banking institutions built infrastructure to enable clients to utilize their cryptocurrencies through traditional financial practices, such as providing custodial services, enabling money transfers, and creating lending products. Globally, countries incorporate cryptocurrencies to different extents. Although many countries lag in adoption, the current trajectory of the market is favorable.
The publisher believes that payment processors and fintechs should explore ways to incorporate cryptocurrency and blockchain solutions into their current models to remain competitive. This report examines the current regulatory and financial developments in the cryptocurrency space and highlights trends and strategies companies use to harness this growth.
Expert Quote
"I see the potential in this budding cryptocurrency industry and believe there are use cases that banks, processors, and card programs can take advantage of to drive greater customer satisfaction, greater transaction volume and greater assets under management," commented the report's author Tim Sloane
Highlights of this research report include:
An overview of regulatory developments in the United States and Canada
A broader look at worldwide players and their changing sentiment towards cryptocurrencies
An analysis of centralized digital currencies and their implications for decentralized digital currencies
Examinations of different blockchain infrastructures and stablecoin solutions implemented by institutions
A review of financial products and payment solutions that current institutions have implemented to support cryptocurrencies
Key Topics Covered:
1. Executive Summary
2. Introduction
3. United States Taking Steps to Foster the Cryptosphere
BitLicense Poses Initial U.S. Regulatory Guidance
4. Global Sentiments Support Cryptocurrencies
Canada
China
5. Centralized Digital Currencies Aim to Compete Head to Head with Cryptocurrencies
The Chinese Digital Yuan
The United States Digital Dollar
6. U.S. Banks Enter Cryptosphere with Regulatory Legitimacy
Custodial Services
Node Capabilities
Anchorage Bank Becomes First U.S. Digital Asset Bank
Signature Bank and Silvergate Develop Digital Currency Solutions
7. Conclusion
8. References
Companies Mentioned
Accenture
Anchorage Bank
Bakkt
Bank of Canada
Barclays
Bitstamp
The Block
Chainalysis
CipherTrace
Coinbase
Elliptic
Ethereum
Fidelity
FIS
J.P. Morgan
Nanopay
NYDIG
PayPal
People's Bank of China
Quorum
Royal Canadian Mint
Signature Bank
Silvergate Bank
Starbucks
Statista
trueDigital
For more information about this report visit https://www.researchandmarkets.com/r/q3v4l3
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