In these days when the discussions about cryptocurrencies and digital assets continue heavily, despite all the discussions, the effects of a great transformation in the finance department have begun to be seen. Cryptocurrencies, which have become the favorite of large companies and investors the belief that it will be the currency of the future is increasing.
A survey of finance professionals and segment managers by Deloitte reinforces this trend. Experts from the financial sector participating in the survey 76 percent, thinks that in the next 5-10 years, digital assets will replace the prestigious currencies supported by the states or become a strong competitor.
”Participation in the age of digital assets is not an option, it’s inevitable”
With the increasing interest in cryptocurrencies, more and more money is being converted into an investment tool as a digital asset. This causes both institutional companies and individual investors to adopt this new investment tool more. The report states that banks are waiting for them in the future. accept digital transformation and mentions that they should adopt.
In the report ” Participation in the age of digital assets is not an option, it is inevitable. Presidents only digital assets and new global financial services infrastructure it remains to decide how to use it to their advantage“.
Survey respondents think that financial services companies need to move with the trend of cryptocurrencies, digital assets and blockchain. More than three-quarters of financial professionals who also participate, if their companies do not adopt blockchain and digital assets that they will miss the chance to make a splash against their opponent thinks.
Another issue that the survey sheds light on is the fact that despite this necessity, the transition to digital assets will not be that easy due to existing infrastructure problems. 65% of the respondents, lack of financial infrastructure for crypto says it is the biggest hurdle in the transition to digital assets, while risks around cybersecurity, regulatory issues and the need to uphold privacy are also cited as critical drawbacks.