For the first episode of 2025, The Accounting Working Group Podcast brought back Bitwave CEO and Co-Founder Pat White for a highly-informative conversation covering some of the biggest topics in digital assets.
Hosted by Dr. Sean Stein Smith of the Wall Street Blockchain Alliance (WSBA), this episode dives into the trends shaping crypto payments, enterprise adoption, and security risks in the industry today.
Pat shares his perspective on why on-chain payments are the real "killer use-case" for digital assets, how stablecoins are becoming the default corporate treasury asset, and why enterprise finance teams need to rethink their approach to security in light of the recent Bybit hack.
He also introduces the Bitwave Payment Network, a game-changing solution for businesses looking to seamlessly send and receive digital asset payments without hidden fees or unnecessary intermediaries.
Key Takeaways from the Episode:
- On-Chain Payments Are Finally Taking Off: After years of hype around NFTs and DeFi, the crypto industry is doubling down on payments as the most practical and impactful use case.
- Stablecoins Will Dominate Enterprise Treasury: Major corporations like Microsoft and Google are already getting paid in USDC, and Pat predicts this trend will accelerate.
- Security is the Biggest Blind Spot in Crypto Finance: The Bybit hack is a wake-up call for finance and accounting teams to implement stronger internal controls for managing digital assets.
- Why Businesses Need a Petty Cash Mindset for Crypto: Instead of keeping large balances in hot wallets, companies should treat crypto funds like petty cash, moving only what they need for payments.
- Regulatory Clarity on Yield-Bearing Stablecoins is Critical: Pat makes a strong case for why classifying yield-bearing stablecoins as securities would stifle innovation and prevent crypto from reaching its full potential.
It’s a fast-moving, high-energy discussion that covers some of the biggest opportunities in crypto finance today.
Listen to the full episode and hear why Pat White says, “I haven’t been this excited about digital assets in a long time!”
Disclaimer: The information provided in this blog post is for general informational purposes only and should not be construed as tax, accounting, or financial advice. The content is not intended to address the specific needs of any individual or organization, and readers are encouraged to consult with a qualified tax, accounting, or financial professional before making any decisions based on the information provided. The author and the publisher of this blog post disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use or application of any of the contents herein.
