‘It Would Make No Sense To Fall Behind’: Why Institutions Are Embracing Blockchain Says Expert
Major financial institutions, including BlackRock and PayPal, increasingly invest in blockchain technology. This growing interest shapes the cryptocurrency market in new ways, but it also raises questions about the future of crypto’s core principles. Ian Horne, head of content for Money20/20’s Amsterdam Show, discussed these developments before his appearance at the Benzinga Future of Digital Assets event.
Drivers Behind Institutional Interest
Horne explained that large firms’ move into blockchain is driven by multiple factors, including the need to stay competitive and meet customer demand. “It would make no sense to fall behind while other institutions build their competencies in tech that promises more immediate and efficient movement of money and assets,” he said. Horne noted that institutions have focused on practical use cases, ignoring hype cycles to find long-term opportunities for blockchain …
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