75% of financial institutions will offer crypto services by 2025. By Investing.com

Investing.com – Not too long ago, long-established financial institutions demonized the crypto industry with companies like . However, in the meantime, the idea emerged in the ruling circles that it is better to jump on the bandwagon, rather than ignore it and constantly give up market share.

Ripple is probably the first company in the world in terms of cross-border payments and the development of central bank digital currencies (CBDC). In this context, the analyzes he conducts on future trends in crypto and the evolution of activities in this area represent a kind of plan for the future of the sector.

The New Value report recently published by Ripple is very clear about this. Meanwhile, 75% of financial institutions want to actively enter the crypto industry in the next three years. The benefits offered by blockchain technology are well established.

In addition to economic and fast financial transactions, it opens a completely new market. People who previously did not have access to the banking system can access financial services through the cryptocurrency market. A very lucrative business sector in which the pillars of finance want to participate.

For companies and the financial sector, data security and the quality of available information naturally play an important role. It’s never been easier to speed up complex and time-consuming payment flows and display them seamlessly.

However, large institutions are struggling to begin such a transformation, the report said. They lack the knowledge to prepare business processes for future challenges.

Ripple: Technical benchmarks

Although Ripple managed to reach the second daily closing price above the 61.8% Fibo retracement of $0.3776, the positive momentum could not be strengthened.

Support failed to resist downward pressure today, so expect an extension of the move towards the 50% Fibo retracement of $0.3604.

In the event of a daily close below this level, an acceleration of losses towards the 38.2 percent Fibo retracement of $0.3432 cannot be ruled out.

Only if the cryptocurrency breaks above the 61.8% Fibo retracement does the probability of a move towards the psychologically important $0.40 threshold increase.

By Marco Oehrl