What could happen if the Treasury sector were “metaversed”​?

04-10-2022 | treasuryXL | LinkedIn |

We present for you already the 4th edition in which we discuss the latest poll results. We’ll demonstrate how treasurers voted to express their viewpoints on a current matter, and a treasury specialist will discuss his view.

We have invited  Ernie Humphrey to share their views on the current topic.

What could happen if the Treasury sector were “metaversed”​?

Corporate treasury in the metaverse; is that realistic in the near future? We wanted to know if this idea was in play among Treasurers. The poll did not get the highest number of responses with only 26 votes. Still, thanks to everyone who voted!

 

What do treasurers think?

Despite the relative lower number of votes, the votings gives an interesting picture. Half say they do not see Treasury happening in the metaverse, yet over a quarter say they are enthusiastic about the idea. One treasuryXL expert Ernie provided his opinion of the concept of Corporate Treasury in the Metaverse.

View of treasuryXL expert

Ernie Humphrey

Ernie voted for the option that he does not see this happening.

 

” Will I try to get treasury professionals to engage “in that world” as it makes sense? Absolutely!! “

 

Metaverse is just a “buzz phrase”. No one currently knows what it is.

Treasury professionals are notoriously slow to adopt new technology and concepts.

Yes, we are finally seeing some traction with RPA and AI, but what is the actual adoption rate?

I gave the first full virtual conference for Treasury professionals back in 2020 and it was clear that even though we were in the middle of COVID, treasury professionals were not buying a virtual experience that could be the same (or better) that a live event.

If they cannot accept a virtual conference, how should we expect them to do things like buy “digital assets”with corporate assets?

As another example, look at the use of cheques in the US, still nearly 50% of B2B payments. Enough said, the Metaverse and treasury are a long way off if ever.

Will I try to get treasury professionals to engage “in that world” as it makes sense? Absolutely!!