When will blockchain tech be ready for the big day?
article By the time a blockchain is ready for mass adoption, a wide variety of new and different businesses and industries will have the ability to use the technology to do things such as record payments and process payments for other businesses.
For example, in the world of financial technology, it is likely that by 2025 the financial industry will have a large number of payment terminals and other applications to support the vast majority of transactions.
The technology is also expected to be able to process hundreds of millions of transactions per day.
The use of blockchain technology, and other blockchain-based technologies, is also a way to make payments faster.
According to an August report by Bloomberg New Energy Finance, transactions could be completed in about a minute on average.
A blockchain-powered payment processor could process more than 3 billion transactions per second in the next few years, according to a July study by R3CEV, a global consortium of leading banks, including JPMorgan Chase & Co, Bank of America Corp, Goldman Sachs Group Inc, JPMorgan Chase USA, Morgan Stanley & Co and UBS AG.
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