Cryptocurrencies and Bitcoins: Are They Already a Reality in Corporate Treasurys?
Posted: Tue Dec 17, 2024 3:51 am
More and more companies are asking themselves whether it is a good idea to use cryptocurrencies in general, and Bitcoin in particular, in their company treasury.
We explain the advantages and disadvantages of using cryptocurrencies in the company's treasury.
Learn about Tesla's brief experience using cryptocurrencies.
The history of cryptocurrencies is relatively recent, since the first bitcoin was born on January 3, 2009. Although they are now better known as highly speculative assets , their initial purpose was to create a digital means of payment to facilitate exchange .
Based on blockchain technology , cryptocurrencies allow transactions to be secured, the creation of additional units to be controlled, and the transfer of assets to be verified.
Cryptocurrencies make the Internet of Value , also known pharmacies email list by the acronym IoV, possible. They facilitate exchange through the use of online financial platforms , without the need to use financial intermediaries.
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Advantages of using cryptocurrencies for businesses
Among the advantages of using cryptocurrencies in companies we can highlight the following:
Reduction of transaction costs . By eliminating financial intermediaries, costs are reduced.
Traceability of the operation . The operations carried out in cryptocurrencies have a traceability
Security . Breaking the security of a cryptocurrency is currently almost impossible, until quantum computing is developed. Therefore, there is no possibility of counterfeiting.
Elimination of financial intermediaries . The buyer and seller transfer cryptocurrencies directly without the need for intermediaries.
Speed in the execution of payments . In cryptocurrency payments, the delay is a matter of minutes, while currency transfers can take days.
Once payment is made, it is irreversible, which provides security to its users.
Privacy . You can operate without revealing your identity.
They are exchangeable for other currencies . Cryptocurrencies can be exchanged for other currencies.
We explain the advantages and disadvantages of using cryptocurrencies in the company's treasury.
Learn about Tesla's brief experience using cryptocurrencies.
The history of cryptocurrencies is relatively recent, since the first bitcoin was born on January 3, 2009. Although they are now better known as highly speculative assets , their initial purpose was to create a digital means of payment to facilitate exchange .
Based on blockchain technology , cryptocurrencies allow transactions to be secured, the creation of additional units to be controlled, and the transfer of assets to be verified.
Cryptocurrencies make the Internet of Value , also known pharmacies email list by the acronym IoV, possible. They facilitate exchange through the use of online financial platforms , without the need to use financial intermediaries.
[tweet ]SHARE IT! Have you ever considered using cryptocurrencies in your company's treasury?
Advantages of using cryptocurrencies for businesses
Among the advantages of using cryptocurrencies in companies we can highlight the following:
Reduction of transaction costs . By eliminating financial intermediaries, costs are reduced.
Traceability of the operation . The operations carried out in cryptocurrencies have a traceability
Security . Breaking the security of a cryptocurrency is currently almost impossible, until quantum computing is developed. Therefore, there is no possibility of counterfeiting.
Elimination of financial intermediaries . The buyer and seller transfer cryptocurrencies directly without the need for intermediaries.
Speed in the execution of payments . In cryptocurrency payments, the delay is a matter of minutes, while currency transfers can take days.
Once payment is made, it is irreversible, which provides security to its users.
Privacy . You can operate without revealing your identity.
They are exchangeable for other currencies . Cryptocurrencies can be exchanged for other currencies.