Highlight the potential of cryptography to create greater financial inclusion – Tel



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"Bitcoin works transparently, independently and without the subject that regulates it. Bitcoin transforms the financial system: how we move, store and consume, we assure reliability. That's why it excites both Silicon Valley and Wall Street," said Rodrigo Benadon, co-founder of Cripto247.com, at the beginning of the event.

Cripto247 had a free event of around 8,000 subscribers and had support between Ripio, BIND Group and Bitfarms among other companies and startup companies in the sector.

In a dialogue with Telam, Benadon said that "there are some 2,000 crypto-reactors, the most interesting are those with the largest market capitalization, the most popular and the most robust in terms of their technology."

"Bitcoin is the number one, of those 2,000 existing cryptoactive data, thousands of interesting cryptoactive, Bitcoin has 54% of the market of those thousands, in terms of values ​​measured in dollars," he explained.

He warned that "nobody knows what will happen to the value of Bitcoin, we all believe that the value will be accompanied by technological disturbances, Bitcoin was born literally zero and at the highest point, in December 2017, worth 20,000 dollars, we are now at 5,500. "

"People pay attention not only to handicapped people, but also to engineers, industry, developers, technology, the economy, but about processes within companies," he added.

Emiliano Grodzki, co-founder of Cripto247, said: "Bitcoin's computer power, which is the amount of hardware that was simultaneously linked to transaction processing, is more than a thousand times greater than the computing power of Google."

Meanwhile, the director of Ripia Sebastian Serrano emphasized "the potential that has blocking technology for Latin America, where we have more than half of the population with access to the Internet, but we have problems: super weak currencies, high inflation rates, cyclical devaluations and international transactions are costly and slow , which adds that 65% of the population is not indicated ".

"We believe it is a great challenge and this technology can be a great solution for creating greater financial inclusion, creating products that we can not imagine, our goal is to democratize access to the digital economy through blocking technology," he said.

He stressed that "today many people remain outside the system because it is very expensive for the traditional system to reach the base of the pyramid. This technology will lower costs and allow us to reach people who do not have access and could transact the world."

The director of RSK Labs, Diego Gutiérrez Saldivar, said that "the bit is the tip of the Internet ice bottom value, which is blocked below".

"Money," he stressed, "has always been private, issued by private individuals, and because of lack of confidence, countries have taken on the power of money over the past 200 years."

"Now we have a transparent system that respects 100% agreements, we have the option of recovering the power of money, we have the opportunity to create the next financial system of inclusive humanity by nature," he said.

On the other hand, the need to provide a legal framework for cryptographic services was analyzed, in which the head of the Financial Information Unit (FIU) Mariano Federici and the Director of the Central Bank (BCRA) participated. Horacio Liendo.

"We are close to regulating the digital assets market in Argentina, but before we are consulting with all parties," Federici said, adding that "it is possible that the G20 will announce the world cryptoactive regime in the coming days in Argentina."

"All regulations of cryptoactive substances in Argentina are designed to combat money laundering and drug trafficking," he said, adding that "in this mode of development" excessive regulation is counterproductive ".

Liendo agreed that "you do not have to deal with doubts, but more precisely in the case."

"We can not rule out that in the future, the Argentine Central Bank could have digital assets in its cash registers, but if it is not stable it is excluded from the table," he concluded.

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