This article is relevant if you are a CIO or other business professional and you are trying to understand how Bitcoin and other Digital Currency impacts your financial and ERP system.
Since 2011, I have been working with Bitcoin. Â Since then, considerable expertise has been developed due to our implementation of the Bitcoin Transaction Coordinator which integrated Bitcoin payment processing within NetSuite. Â I offered to write an article for CIO Review to help educate other business professionals about the digital currency phenomenon and the meaning from a business systems persective. Â In this article, I do not reference NetSuite and instead, speak more fundamentally about the concerns a responsible actor will face as digital currency is more widely adopted.
Key Digital Currency Points
In this article, I offer key thinking on the following:
- Bitcoin as a Payment Method
- Bitcoin as a Foreign Currency
- Regulatory Concerns
- Bitcoin Business Systems Integration