Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024

According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of the population in 2020 to 51.70% by 2024. Half the World’s Population […]

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Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024

Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024Gartner, an advisory firm, has predicted that criminal cryptocurrency transactions or transfers will fall by 30% by 2024. The firm says factors such as the transparency of the blockchain, as well as the democratization of fraud prevention tools, will contribute to this decline in such transactions. Blockchain Transparency Despite the surge in the value of […]

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Survey Finds Many Finance Managers Are Not Planning to Hold BTC— Volatility Cited as Key Concern

Survey Finds Many Finance Managers Are Not Planning to Hold BTC— Volatility Cited as Key ConcernA new poll of finance managers by Gartner Finance finds that a majority are not planning to hold bitcoin as a corporate asset. In their responses, most of the 77 finance leaders interviewed cite bitcoin’s volatility as one characteristic of the crypto asset that is “extremely difficult to mitigate.” The Concerns of Finance Executives The […]

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Gartner: Corporate Blockchain Won’t Take Off for Another Decade

Gartner Expects Corporate Blockchain to Actually Start Working Only After 2028For years, all sorts of companies have flooded the media with reports of using blockchain technology for everything from tracking vegetables to fake luxury handbags. These claims mostly involved tests that were done only for the sake of publicity, riding the coattails of cryptocurrency, and almost never about actual products. A new report from Gartner […]

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Blockchain Enters “Trough of Disillusionment” According to Gartner

Blockchain Enters "Trough of Disillusionment" According to GartnerGartner, Inc., a research and advisory firm specializing in the financial and IT industries, recently published a report that asserts blockchain has entered the “trough of disillusionment” with regards to the technology’s lifecycle of hype and adoption. Also Read: Bitmain Unveils New 18 Terahash Water-Cooled Bitcoin Miner Blockchain Enters “Trough of Disillusionment” According to Gartner “Hype […]

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Only 1% of Business CIOs are Actually Using ”Blockchain” Technology

1% of Business Chief Information Officers are Actually Using Blockchain TechnologyUnited Kingdom corporate research firm Gartner conducted a survey of nearly 300 Chief Information Officers (CIOs), in an attempt to separate hype from reality. The results are revealing, with a dismal 1% reporting “any kind of blockchain adoption within their organizations.” Also read: Telegram Rakes in Over $1.5 Billion, Ditches ICO for an Open Network […]

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