Cryptocurrency and blockchain for procurement optimization

Procurement’s relationship with cryptocurrency may involve one of two practices: procurement of cryptocurrency or procurement with cryptocurrency.

Payment with cryptocurrency

Is paying for goods and services with digital coins or tokens rather than traditional country-backed currency like US dollar and or credit. 

Procurement with cryptocurrency

Not all companies are content to just pay to their suppliers with cryptocurrency.

Some procurement organizations may be tasked with buying cryptocurrency on behalf of the enterprise.

Good article below.

https://www.allthingssupplychain.com/the-potential-and-risks-of-cryptocurrency-in-procurement/

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