AFP Payments Guides
AFP Payments Guide: Cryptocurrency and Non-fungible Tokens
Underwritten by MUFG
The 2022 AFP Payments Guide to Cryptocurrency and Non-fungible Tokens for Corporate Payments , underwritten by MUFG, is designed to help treasurers navigate the risks associated with managing cryptocurrency and digital assets.
With the launch of central bank digital currencies (CBDCs), virtual currencies (including cryptocurrencies) have moved into the mainstream, accelerating the timeframe at which corporate treasurers will have to start accepting and making cryptocurrency payments and managing digital assets. As a result, treasurers are already being asked to develop a crypto strategy as the market starts to deepen.
The Payments Guide will help prepare treasury professionals by:
1. Defining cryptocurrency
2. Building a business case to invest in a cryptocurrency or NFT strategy
3. Showing the future of crypto
To focus on identifying and managing the risks of transacting via cryptocurrency and the sale of NFTs, you need to understand how cryptocurrency and NFTs work and the blockchain that underpins them both.
BUILDING A BUSINESS CASE
Building a business case to invest in a cryptocurrency or NFT strategy means taking the general benefits and costs and evaluating them in the context of an individual company. The following questions will help in this process:
FUTURE OF CRYPTO
Cryptocurrency offers potential efficiency savings, but there are costs involved in the program setup. On the other hand, if (or when) the metaverse economy takes off, it is highly likely that cryptocurrency and NFTs will play an important role
Learn more about the future of blockchain and crypto.
Published October 19, 2022