Time to Embrace Digital Currencies?
- Oct 19, 2021 9:53 am GMT
Digital currency technology is gaining more interest as the foundation for business financial transactions. While few utilities have now adopted technologies, like blockchain, a growing number are examining them, according to a Gartner survey. The software architecture has the potential to streamline, lower costs, and offer higher levels of security for financial transactions. But, it is new and volatile, so energy companies are moving cautiously into this space.
Close to half (47%) of finance leaders plan to examine digital currencies for their business transactions in 2022, according to Gartner, Inc. In February, 84% of finance leaders said they would never hold bitcoin as a corporate asset and pointed to a range of risks associated with holding the currency.
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