Why Public-Private Collaboration Is Key To Blockchain Adoption
Public-Private Partnerships Can Unlock a $31B Blockchain Payments Opportunity
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.