Ad Hoc Psp ((new)) May 2026

The airport lounge was quiet at 11 p.m., save for the hum of ice machines and the clink of glasses. Marcus Webb, CFO of Verdant Logistics , stared at his laptop screen. The numbers weren't lying, but they felt like a betrayal.

The Handshake Protocol

Marcus read it twice. There was no insurance. No dispute mechanism. No regulator to call if Kline simply vanished with the funds. That was the pact with ad hoc PSPs: you gave up safety for survival. ad hoc psp

Marcus dialed a number saved only as "R. Kline." The airport lounge was quiet at 11 p

Marcus calculated. 4.5% of $3M was $135,000. A brutal hit. But losing the contract entirely would cost $4M in penalties. CFO of Verdant Logistics