For the past two weeks, Treasury & Risk has been speaking with Alexander Bant, chief of research in the Gartner Finance practice, about the future of digital currencies. Gartner predicts that 20 percent of large enterprises will be using digital currencies by 2024, and we wanted to understand why.
We've discussed with Bant the prospective benefits to corporates of using digital money for payments, cash investments, and sales. He's also explained where central bank digital currency (CBDC) development and cryptocurrency regulation stand, as well as the use cases that some companies are beginning to pursue.
We're concluding the discussion this week by asking what corporate treasury teams should expect in the near future, and what they should be doing now to prepare.
Treasury & Risk: So, given where companies currently are in the research and evaluation process, what needs to happen before digital currencies become widely accepted in corporate treasury operations?
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