EY-Parthenon research shows that blockchain payments are progressing toward implementation, shifting the focus to integration, client experience and value.
- Blockchain payments are moving towards implementation, driven by increased regulatory clarity and a clearer business case, with stablecoin adoption doubling among corporates.
- Established financial institutions have an advantage due to existing client relationships, but partnerships with FinTechs will be crucial for scaling and delivering integrated experiences.
- The future of blockchain payments is multi-rail, with a focus on embedding services into existing workflows and developing differentiated offerings above the payment rail, including programmable payments.
Topics: Payment system integration, Institutional adoption, Legal regulatory, Stablecoin payments remittances, Banking depository pilots, Securities law classification
Tags: #blockchainpayments #stablecoins #tokenizeddeposits #financialinstitutions #corporates #implementation #integration #regulatoryclarity #programmablepayments #crossborderpayments