The recent high-profile failure of multiple US banks has highlighted counterparty risk as a major concern for businesses depositors. This article looks at how cryptocurrencies can offer an alternative for businesses when it comes to treasury management because of their decentralised structure that reduces counterparty risk and also that it offers faster transaction processing, lower transaction fees and greater transparency. However, businesses still need to weigh up the risks and benefits of using cryptocurrencies as part of their treasury management strategy and consider how insurance can help offset some of that risk.