Crypto.com Announcements Channel
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Crypto.com, the pioneering payments and cryptocurrency platform, seeks to accelerate the world’s transition to cryptocurrency. Crypto.com is headquartered in Singapore. For more information, please visit: www.crypto.com.
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While researching The Sudden Rise of DeFi w/ BCG, we surveyed 400+ financial institutions.

-A surprising 86% are assessing services on a DeFi framework. With PayPal's recent news we expect interest in crypto to climb even higher.

-86% of Companies are assessing or implementing services built on a decentralized framework.

-Larger financial institutions are more likely to adopt DeFi and realize first mover advantages because they can afford more risk.

-To facilitate faster, more secure, payment processing services, 38% of companies have turned to DeFi.

-From the companies surveyed 70% of them have security concerns over fraud.

-DeFi will open up new revenue streams for 67% of the companies that responded.

-The lack of regulation was a major challenge for 61% of respondents.

-An existing consortium, platform, application, or service is being used by 39% to implement DeFi collaboratively, from the companies implementing DeFi

The Sudden Rise of DeFi: Opportunities and Risks for Financial Services Research Report: https://bcgplatinion.com/uk/wp-content/uploads/sites/23/2020/10/BCG_Crypto.com_The_Sudden_Rise_of_DeFi_Opportunities_andRisks_for_Financial_Services_FINAL.pdf

The Sudden Rise of DeFi Survey Findings: http://blog.crypto.com/the-sudden-rise-of-defi-survey-findings/
LIVE VIDEO AMA hosted by Maggie Ng, featuring Sunny Lu, CEO & Co-Founder of Vechain and John Dempsey, CEO & Co-Founder of VIMWorld, will kick off in just a few hours on Crypto.com's Official YouTube Channel. Don't miss out!

Subscribe to our YouTube channel to never miss a broadcast: https://m.youtube.com/c/CryptoComOfficial
LIVE VIDEO AMA hosted by Maggie Ng, featuring Federico Molina, Head of Marketing of Decentraland Foundation, will kick off in just a few hours on Crypto.com's Official YouTube Channel. Don't miss out!

Subscribe to our YouTube channel to never miss a broadcast: https://www.youtube.com/c/CryptoComOfficial