Dear {{lead.First Name:default=Subscriber}},

The world of cryptocurrencies has been met with an equal amount of enthusiasm and skepticism as many decipher how this innovative technology could impact their businesses and lives in general.

When considering the impact of cryptocurrencies on corporate payments, the focus needs to shift from the currencies themselves and to the underlying technology- blockchain – and whether it can benefit organizations around the globe.

Andrew Pritchard, managing director of Blockspace advising, argues that crypto-technology should be trusted for corporate payments.

However, he says: “One critical element required to boost the credibility of cryptocurrency is improved transparency, as this will encourage larger institutions and wealthy individuals to invest in cryptocurrencies.

“There are already signs that this acceptance is growing,” says Pritchard, who cites George Soros preparing his family office to start trading cryptocurrencies.

“Goldman Sachs has hired Justin Schmidt as VP of digital asset markets. Finally, the SEC and the FCA are talking about cryptocurrency regulation in the very near future. All of this activity services to further legitimize cryptocurrencies and shows that institutional investment is coming to the table shortly,” he adds.

Would you trust crypto-technology for corporate payments? Vote in our Twitter poll here.

Kind regards,

Vicky Beckett

Editor, The Global Treasurer