Global Blockchain in Fintech Market is Anticipated to Hit USD 6700.63 Million by 2023
Blockchain is a technology that uses a shared ledger to record transactions across a decentralized computer network. Blockchain in fintech monitors and regulates information on digital transactions in fintech and prevents duplication. The incorporation of this technology offers real-time payments against assets with immutable state and digital identity, resulting in substantial cost savings in terms of reconciliation and settlement for a variety of financial institutions and banks. Leading financial institutions and banks, including J.P. Morgan, Citibank, Goldman Sachs, and Barclays, have taken measures to implement this technology. According to Market Research Future (MRFR), the global blockchain in financial technology (fintech) market is estimated to reach USD 6700.63 million at a CAGR of 75.2% from 2017 to 2023 (forecast period). The report summarizes the market opportunities and market ramifications that arose as a result of the COVID-19 pandemic. Market Dynamics Signif...