According to analysts at Fitch Rating, in the short term, cryptocurrencies are unlikely to affect credit policy, but in the future they can help modernize the financial system.
The researchers noted that cryptocurrencies are becoming more popular, especially after PayPal launched digital asset trading on its platform. Also, payment companies Visa and Mastercard announced the launch of cryptocurrency services, but it is still far from full adoption of cryptocurrencies.
PayPal’s launch of cryptocurrency buying and selling functions became “one of the first real and large-scale cryptocurrency use cases in the US.” Fitch Rating analysts stressed:
“We do not think that investing in cryptocurrencies will have any significant impact on citizens’ credit profiles, given the small investment volumes and long growth times. However, the functions of working with cryptocurrencies provide new opportunities for generating revenue for companies, even if the ROI has not been determined. ”
Analysts agree that cryptocurrencies and blockchain can improve the financial system – speed up settlements, reduce fees and remove intermediaries when funds are flowing. But for a full modernization, adequate regulation of cryptocurrencies is necessary.
Earlier, analysts at Gartner expressed confidence that centralized payment companies will have to integrate support for stablecoins for payments and transfers.
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