What Banks Should Know About Cryptocurrencies in 2021 – Paving the Way for Blockchain


Blockchain technologies and their instant payments capabilities have loomed large on the fintech horizon lately, but what does crypto mean for the financial service providers of tomorrow? Attend for a curated summary for banks around recent news and emerging use cases around cryptocurrencies. Presented by Larry Pruss, SVP at SRM, this session focuses on the trends, potential impacts, new policies, and reasons why the financial institutions of today need to prepare for a few blockchain-driven changes - yesterday.

Key Takeaways:

  • Recent crypto disruptions in FinServ since the pandemic
  • Possible long-term recalibrations for the banking industry
  • Strategies to weave in crypto into long-term payments decisions

Topics this session will explore:

  • US Federal Reserve plans to launch a Central Bank Digital Currency (CBDC)
  • Impacts of Distributed Finance (DEFI) to traditional banking
  • Risk factors around adding cryptocurrency to the balance sheet
  • Blockchain-supported financial solutions that traditional banking can offer to their clients
  • Crypto regulatory landscape and the KYC risks

Larry Pruss
SVP – Project Management
Strategic Resource Management