A new survey co-organized by Ripple shows that the world's payment industry is interested in the potential for rapid, cheaper trading of encrypted currencies and blockchains.

On March 2nd, the distributed ledger digital payment Internet Ripple and the Federation of efficient payments (FPC) payment agencies released a report that specializes in exploring good opportunities for encrypted payments.

The report, called "changing the way money flows", based on a survey and analysis of more than 950 FPC customers, brings views on encrypted payments around the world, including investment analysts and CEO in 45 countries and regions. A total of 281 respondents responded to 25 situations, including payment use cases and benefits of blockchain technology, ownership of data assets and barriers to use. The survey will be conducted in the first half of 2022.

The survey shows that the vast majority of FPC customers surveyed by the organization-- that is, 97% of respondents-- believe that encrypted currency and blockchain applications will also play an important role in completing rapid payment in three years. More than 50% of payment executives surveyed felt that most stores would accept encrypted payments within one to three years.

27% of senior executives in the Middle East and Africa believe that by 2024, most stores will be encrypted and friendly. According to Ripple and FPC, the cheerfulness of the sales market is likely to come from encryption solutions such as mobile payments and the digital currency of the central bank.

According to the report, although 52% of the respondents tried to use encrypted payment, only 17% of the respondents used encrypted payment at the time of the survey.

The report shows that the main reason why respondents did not choose password technology to make payment is that the control is clear and the choice is limited. Nearly 90 per cent of respondents stressed that unclear controls were an important obstacle to login password payment, while 45 per cent indicated that domain acceptance was limited.

In 2022, a survey released by the financial industry big data platform Pymnts and encrypted payment company Bitpay showed that most of the respondents to companies with an annual salary of $1 billion used encrypted payments to get new customers.

Ripple's latest data further strictly enforce the unlimited potential for expertise related to login passwords to become an important part of the global financial system. As a survey by Zogby Analytics and CasperLabs shows that as many as 90% of companies in the United States, Britain and China are using blockchain in the experimental zone by the beginning of 2023.

The news came as RippleCEO Brad Galinthwaite indicated that it was expected that the lawsuit between XRP and the Securities and Exchange Commission would be formally resolved in a timely manner.

"this lawsuit has been going on for nearly two and a half years. Galinthwaite said he had tried to move forward as quickly as possible, adding that Ripple predicted that a decision would be made "definitely in 2023".