Corporate Banking & Payments Finds Practical Uses for Crypto

Cryptocurrency and blockchain technology have grown in popularity since the inception of Bitcoin in 2009. Starting as a niche commodity among investors, cryptocurrency and its accompanying blockchain technology have developed into various forms that are gaining traction in the corporate space of the financial services industry. Some of the largest financial institutions have already taken advantage of cryptocurrency’s nimbleness and the power of blockchain technology, heavily investing in stablecoins, which bridge the gap between fiat money and pure cryptocurrencies. Among commercial cards, we see development in crypto rewards and expanding crypto payments acceptance, while in treasury and trade, there are uses in cross-border payments, liquidity and cash management.