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What is your opinion on digital currencies in large companies? Becoming a real trend in recent years, the new forecast of Gartner Research — renowned company that performs market analysis — points out that we will see 20% of large companies choose to use this massively in the next three years. 4t6r3n
Despite everything, CFOs (Chief Financial Officer, also called financial directors in the Brazil) need to analyze all the risks of switching to blockchain, since every innovation requires care. Understand the forecast and next steps right now.
CFOs need to analyze market 2b55
When we start to use a new technology, it is necessary to understand what problems this can bring. And for the use of digital currencies in large companies, it is important that those responsible for authorizing the inflow and outflow of money do a thorough analysis. It will first be necessary to define where the digital currencies will be used, and then prepare the IT infrastructure.
Then, it is time to define which providers and especially the digital wallets that will be used for companies to use digital currencies in their daily lives. No company should have a similar use to the other, as each has its own needs. It is also important that all technological, regulatory, legal and strategic considerations are closely analyzed, allowing a complete monitoring to be carried out.
Blockchain market is ready for big companies 563r5j
One of the major impediments that make the entry of large companies take time to be adept at new technologies is precisely the lack of technology to the demand. But talking about the blockchain and digital currency market, everything is ready for these companies to use without any problems. Developers have already acted so that large companies start using digital currencies in their daily lives. Everything is ready for this exact moment.
“Among the top digital currency use cases we have identified, there will be no need for most organizations to develop a custom blockchain application stack. Many large banks, payment platforms, institutional custodians of digital assets and wallet providers have already done the heavy lifting in this area, which should provide large companies with minimal friction in deploying their own digital currency applications.”
Alexander Bant, Head of Research at Gartner's Finance Practice
In this way, after defining all the objectives and understanding the possible risks of using digital currencies, it is time for CFOs to organize large companies so that the use is really done in a complete way.
Use of digital currencies in companies 2v3i4o
Even if it's a new world, digital currencies need to be a rather than a problem. THE Gartner Research points out that the main use will be for payments, as well as store of value and spending on high-yield investments in applications DeFi (decentralized finance), which are already on the blockchain network and do not require intermediaries.
Another positive point that the use of digital currencies should generate for these companies is that it will be possible to escape high inflation, which should be the highest in the next 39 years. Other positives include greater mandatory clarity and improvements in energy usage.
This last factor is one of the main points that experts criticize when we talk about digital currencies, since the generation of energy and carbon emission becomes greater. The creation of Digital Currencies issued by Central Banks (CBDC) should also drive the entry of large companies.
“There has always been theoretical appeal to CFOs’ use of blockchain and digital currencies as a means to reduce costs, increase transaction processing speed, reach new global customers, move towards continuous ing and auditing, and create an error-free environment. and cheats free environment. Now, with congressional oversight starting to develop and the potential for more central banks to China in launching a CBDC, we can see a path where the use of digital currencies will potentially be more predictable and stable in the future.”
Alexander Bant, Head of Research at Gartner's Finance Practice
2022 will be essential for digital currency adoption 1e17v
If the prediction that 20% of large companies will use cryptocurrencies by 2024 is correct, it is important that preparation takes place as soon as possible. In this way, financial directors need to have all the data at hand so that there are no doubts at the time of decision.
“2022 is the year we expect CFOs to rapidly increase their knowledge of digital assets, currencies and other blockchain applications. When the CEO and the Board begin to ask the CFO's opinion, they should have a point of view on their organization's risks and points of differentiation. We are starting to see some companies from Fortune 500 (top 500 US companies list) map out scenarios of how they will respond if a country or supplier moves to digital currency-only business and what action they will take as a result.”
Alexander Bant, Head of Research at Gartner's Finance Practice
Among the digital wallets that are ready for this breakthrough is the Mercado Livre, already allowing its s to receive and sell Bitcoin. Despite everything, it is still not possible to purchase goods within the marketplace using digital currencies. Do you think we will see the use of digital currencies increase in the next year? tell us Comment!
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Source: Gartner Research
