Algorand - Blockchain Payments Tracker: Why Public-Private Collaboration Is Key To Blockchain Adoption - December 2022 - Learn how public-private partnerships play a pivotal role as governments explore blockchain technology uses

Public-Private Partnerships Can Unlock a $31B Blockchain Payments Opportunity 

Why Public-Private Collaboration Is Key To Blockchain Adoption

Nine in 10 of the world’s central banks are pursuing digital currency projects, but private sector expertise and buy-in will be pivotal to their success. In this month’s “Blockchain Payments Tracker®,” a collaboration with Algorand, Anish Jain, CEO of WadzPay, explains how blockchain’s interoperability with legacy banking systems is the key to its adoption.

Inside the December Tracker

  • Anish Jain, CEO of WadzPay, tells PYMNTS how building interoperability between blockchain and established systems fuels the payments industry’s next revolution.
  • Following significant growth since 2020, the global blockchain technology market is expected to grow more than 10 times in value by 2027.
  • Wholesale CBDCs, which may be simpler to launch than retail CBDCs due to their limited impact on consumers, promise faster cross-border payments and can help countries leapfrog intermediary steps toward a more modern banking system.

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