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The global blockchain technology in BFSI market is expected to grow by US$48.21 Billion between 2023 and 2028, registering a compound annual growth rate (CAGR) of 67.84%. The increasing adoption of blockchain technology in BFSI is driven by the growing demand for faster and cheaper cross-border payments, remittances, and settlements, as well as the need for improved compliance, auditability, and fraud prevention. Emerging trends such as the integration of blockchain technology with AI, cloud computing, IoT, and biometrics are also shaping the market dynamics.
