Some companies implemented this technology in the recent past, while others will do so soon—as well as to the technology's most valuable benefit: gaining more time for treasury staff to focus on other tasks.
Shortly after economic adviser Larry Kudlow said the White House had “ruled out any currency intervention,” the president directly disputed this claim.
Steps small to midsize companies, or even large businesses dipping their toes into cross-border commerce, should take to more effectively manage currency risk.
The bank believes JPM Coin “can yield significant benefits by reducing clients' counterparty and settlement risk, decreasing capital requirements, and enabling instant value transfer.”