6 Steps to Successful Digital Asset Implementation
- Identify the market opportunity
- Gain buy-in from leadership
- Define offerings and expectations
- Scope implementation needs
- Preparing for success—evaluate a platform partner
- Post-implementation strategies
As banks and credit unions look to the future of member-desired innovation, implementing an asset strategy that includes Bitcoin and other cryptocurrencies is a must. Through new technologies and layered solutions, financial institutions need to ensure they stay relevant with their end users and deliver services that both retain and grow customers and deposits.
What should banks and credit unions really be thinking about crypto?
The industry as a whole struggles with an information gap—there seems to be so much to learn about cryptocurrency, especially from credit union executive teams. If you are tasked with leading your credit union’s digital asset exploration or implementation, here are some basic points of information to get started with:
Identify the opportunity
Crypto—it’s coming whether you like it or not.