Three months after acquiring GTreasury for $1 billion, Ripple released Ripple Treasury, a corporate treasury management service with optional crypto features. GTreasury CEO Ver Eecke emphasized that blockchain features are optional, despite the benefits they could bring. Clients may receive “tech credits” for exploring digital assets.
Ver Eecke believes that the near-instant settlement times of crypto could revolutionize corporate money management. He stated that traditional finance settlement times cause delays, whereas crypto could allow for better use of money. While not expecting full adoption, he sees potential benefits for all treasurers and CFOs.
Ripple CEO Brad Garlinghouse previously stated that blockchain technology could improve legacy money management systems. Ver Eecke reassured clients that blockchain features will remain optional on the historical GTreasury platform. Some clients may be wary of adopting technology that recently received regulatory approval.
At a Ripple conference in November, Ver Eecke expressed his eagerness to educate clients on the benefits of using stablecoins in treasury management. Despite this, some clients remain sceptical about adopting new technology. GTreasury has decades of experience in treasury services for Fortune 500 companies.
Read more at Yahoo Finance: Ripple Treasury won’t force crypto on sceptical clients, exec says
