Even if you don’t follow the world of cryptocurrency closely, you are likely aware of the recent upheaval in this already volatile industry.
According to a recent White House briefing, crypto’s tough year began in May 2022 with the implosion of a stablecoin that triggered a wave of insolvencies. This was followed in November by the collapse of major cryptocurrency exchange FTX, with many individual investors experiencing significant losses. While there has been little negative impact on the financial system at large, the current administration is focused on ensuring cryptocurrencies cannot undermine financial stability, protecting investors, and holding bad actors accountable.
With so many eyes on crypto right now, it’s a great time to get up to speed so you understand – and avoid - the impacts when they occur. Here are some timely resources from ePay to build your crypto knowledge base:
Digital Currency Half-Day Workshop – February 16, 2023 in Dallas, TX
Join us for this new half-day workshop to build an understanding of digital currencies and their application in the payments industry. This workshop also examines blockchain and the tech that is powering our future economy. As ePay’s resident Certified Cryptocurrency Risk Specialist, I will be leading this agenda that includes:
- The basics of Digital Currency: terminology, types, wallets, blockchain, and crypto winter
- NFTs, Metaverses, and Web3
- Central Bank Digital Currency
- Developing rules and regulations from the Fed, IRS, SEC, and Executive Order 14067
- Applications and crypto-related services
Demystifying Crypto: Beyond Traditional Banking – March 12, 2023 in Orlando, FL
I will be co-presenting this 90-minute pre-conference workshop at ePayConnect along with Will Waltrip from Zero Hash. The conference theme is Payments, Data & Customer Experience: The Intersection of Embedded Finance. A simple high-level definition of embedded finance is a financial product that resides within a non-financial customer experience; it has the potential to make cryptocurrency more accessible to consumers.
Digital currency and blockchain can help expand your institution’s product offerings, deliver customer value, and increase operational efficiency and revenue, but many factors must be considered in your exploration of crypto. What are the right products for your use cases? Can the same value be delivered without leveraging crypto? This session will explore products seen throughout the industry and discuss the benefits, risks, and other considerations.
Want a quick primer before you attend either of these? Check out my three-part blog series to get a head start!
Digital Currencies Part I: Cryptocurrencies
Digital Currencies Part II: Stablecoins
Digital Currencies Part III: Central Bank Digital Currency
Join me in exploring this fascinating side of the financial services industry! Feel free to contact me with questions at 800-475-0585, ext. 1106 or bhudgins@epayresources.org.