From the company Coinspaid they shared an analysis with Cointelegraph in Spanish about the future of cryptocurrencies, the company’s perspectives for Latin America and how it would affect the Mexican market.
“Nobody imagined that after a long 14 years we would have an industry that connects millions and hopes to continue with billions worldwidefrom a simple way of sending value, to generating real solutions that help various people in their day to day. New projects have been seen to improve what Bitcoin does, but none come close to the main essence that the decentralization pursuit leaves us and autonomy that started this digital revolution”, they say in their analysis.
Estefano Debernardi, LATAM Business Development Manager at Coinspaid highlighted: “I think it is essential to evaluate how we advance this 2022 in general terms. Firstly, we saw strong progress on regulation, this gives us a heads up that it is being considered and that we are here to stay. Secondly we have seen several companies go bankrupt and most see it as a ‘negative’ but professionally I think this is giving us exactly what we need, the reason is simple, by removing these bad actors we can give space to those who they are really working and innovating; it also allows us to see blind spots that we do not consider from a user/protocol or company perspective. Finally, you have to see the number of users with wallets, in August 2021 there were approximately 76 million, 84 million in 2022 and a similar growth is expected for this 2023, approximately 11%”.
“Considering the macro context, you can continue to see news or actions that can make you ‘feel’ a certain way, but you have to view this in the long term, just like chess: this is one piece at a time with precision, because if we anticipate Fundamental pieces can be lost, otherwise we can establish the necessary path to be able to settle the ground that will affirm us to receive the billions of users worldwide”they stated in the statement.
“In Mexico, although there has been some clarity in the fintech law that was promulgated, it should be noted that progress must continue on payment issues and whether it will be considered as legal tender. Also seeing that payment in cash is favored, it is expected that the transition will be more in the hands of local operators with campaigns to deliver confidence. From Coinspaid, the questions that stand out the most are how the system works and if payments can be made in Mexican pesos”, added Estefano.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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