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Half of Fortune 100 Corporations Undertake Crypto and Web3 Know-how, Says Survey


The survey report highlights the lively function of Fortune corporations like PayPal, Tesla, and so forth

Using cryptocurrencies in enterprise has elevated considerably through the previous yr. Over half of the Fortune 100 corporations have began cryptocurrency tasks since 2020, in response to a current KPMG evaluation, demonstrating a rising curiosity within the prospects of digital currencies and blockchain expertise.

Citing their investments in Bitcoin and different digital currencies, the analysis emphasizes that companies like PayPal, Tesla, and Sq. have been among the many most lively gamers within the crypto market. Main monetary providers corporations like JPMorgan and Goldman Sachs have additionally began providing their purchasers cryptocurrency-related providers.

Many causes, together with the rising recognition of digital currencies as a legitimate methodology of cost and the decentralization of monetary methods made doable by blockchain expertise, are driving the expansion of curiosity in cryptocurrencies. Companies are additionally wanting into utilizing blockchain’s pace, safety, and transparency to streamline their processes and improve buyer experiences.

On the similar time, many corporations are battling the difficulties related to working within the crypto realm when it comes to rules and compliance. Whereas governments and authorities worldwide proceed to ascertain frameworks for digital property, companies working with cryptocurrencies should handle difficult authorized and tax challenges.

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