Digital currency transactions could require banks to change the way they manage their intraday liquidity to enable clients to make instant payments. Faster transaction settlement may also affect corporate intraday liquidity management and optimization strategies by enhancing the confidence levels with which treasury teams manage their inbound and outbound requirements, according to a BNY Mellon report published earlier this year.
“With digital currencies aiming to optimize these challenges, the adoption of standardized protocols allowing for them to be used in treasury practices will be key to ensuring greater speed also results in certainty,” says Deutsche Bank’s head of cash management, Ole Matthiessen.
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