Report: 42% of multinational companies use block chains as financial instruments

Go-up financial solution has changed the payment pattern, providing a new vision of seamless transnational expansion for multinational companies and companies that are interested in launch new global initiatives.

In fact, multinational companies have a lot of encryption currency and block chains. According to the “Encrypted Currency, Block Chain and Transnational Payment Report”, the main use case is based on the intelligent contract of the block chain. It can trigger payment. At present, 42% of companies use this way, 13% of companies hope to start in the future. this way. This is a report drawn by Pymts and Circle based on a wide range of investigations of 250 multinational companies and 250 financial institutions.

The second most common use case of encrypted currency and / or block chains is multinational payment. There are currently 37% of companies to do so, and 13% of companies want to start doing. Multinational companies use the other common ways of encrypting currencies and block chains including asset management and other payments.

The more countries where the company is operating, the greater the possibility of using encrypted currency and / or block chains for these purposes. For example, in 10 or more countries, 69% of companies use the intelligent contract that triggers payment, and 61% of companies operated in 6 to 10 countries. Among the 3 to 5 countries, this proportion fell to only 37%, only 25% of the companies operated in 2 countries. This mode is also similar in other main use cases.

Many factors affect whether multinational companies use encrypted currency and / or block chains as financial instruments. 52% of respondents said that the most important factors are more clearly cleaned to these technologies. Increase operational efficiency (41%), data quality (37%), data security (35%) and profits (34%) are other primary issues. In addition, it also mentions that retains and attracts customers, enters and reomes support, and organizational leadership, and other organizations.