- Technology – much more than process efficiency
- Are you ready for digital assets?
Are you ready for digital assets?
What is cryptocurrency?
A cryptocurrency is a “private” digital currency based on a distributed ledger. Because all parties share the ledger, cryptocurrencies are secure and impossible to counterfeit. Although sometimes used for payments, cryptocurrencies are more commonly held as investments.
What is a central bank digital currency?
A central bank digital currency (CBDC) is digital money. Most central banks will issue CBDCs to run in parallel with bills and coins to make payments. Unlike cryptocurrency, governments issue CBDCs and can directly influence their supply and value.
Why do cryptocurrencies and CBDCs matter?
Although they fulfill different purposes, crypto and CBDCs often use similar technologies. Each country exploring CBDCs has its own vision of how it will work, but most will use distributed ledger technology. If you are part of a financial ecosystem, you must prepare for the arrival of these digital newcomers.
Trade confidently with strangers, become more efficient and agile
- Understand, build and test the use case
- Kickstart your central bank digital currency (CBDC) discussion, explore new business opportunities and reimagine your back office
- Identify and quantify the opportunity and understand the investment requirement
- Explore our five-phase approach, which offers a roadmap to success and leaves nothing to chance
Three ways we can help you
Move from theory to practice. Before you embark on your cryptocurrency journey, it is crucial you have a clear vision of your goals, milestones and expected return on investment.
GFT can help you build, test and prove a use case that offers a quantifiable improvement to your business.
Build on the success of others. Once you agree a sound business case, you need to be up and running quickly and with minimal risk.
With unmatched practical experience, GFT can offer you a proven architecture that’s built to the highest industry standards.
Keep up the pace. Cryptocurrencies and DLT are evolving fast so you need to keep up with changes in regulation and market practice.
GFT has worked with DLT since its inception. Our team is active across many sectors and can offer you a shortcut to the latest best-practice methods at every stage of your project.
“Cryptocurrency and distributed ledger technology are becoming mainstream. This is driving interest in central bank digital currencies. Although these instruments vary in nature and purpose, the underlying technologies are similar. In this new phase of the digital revolution, early adopters will be well rewarded.”
DLT and crypto are moving from theory to practice but there is still much confusion
Here, you can understand the transformative potential of DLT, the challenges and opportunities and how to get started with minimal investment and without risk.
Think you are ready for CBDCs?
Get up to speed on these digital newcomers. Understand why they matter and how they will transform how business is done. Explore how GFT can assess your readiness and help you bridge the chasm between legacy and digital payments.
Want to move fast?
Partnership brings success closer
No business can build success alone. Join a community of committed technology partners to scale and grow faster.
Simply get in touch to get started.