As the last days of 2022 arrived, the Bitwage team analyzed various questions that arise in the crypto world from their perspective, from the collapse of FTX, going through regulatory expectations and what is expected for 2023. Thus They shared it with Cointelegraph in Spanish.
Ramiro Raposo, Bitwage Growth Team, opined:
Regarding what balance 2022 left for the crypto world in general and for Latin America in particular, he said:
“I think 2022 was quite positive for the crypto world, although the value of cryptocurrencies remained low, we have seen the ecosystem remain strong and growing. In Latin America, particularly, adoption continues to grow strongly and consistently, which gives us a good sign that next year is going to be very positive.”.
On what were the main advances of the year, he rescued:
“This year was full of surprises, although some have not been positive, they were milestones that marked a before and after in the market. The Ethereum Merge, the learning from the fall of Luna, the continued advancement of Decentralized Finance and stablecoins, the fall of FTX and the legislative regulations that will emerge from this result”.
Regarding what were the biggest obstacles and what he specifically thinks of the FTX case, he stated:
“In my opinion, the biggest obstacle is the lack of education. For the common person who is not part of the crypto world, it is easy to latch on to the anti-crypto argument due to misinformation. As in the case of FTX, people confuse the actions of an irresponsible company, which exists in all areas, with what crypto really means. In my opinion, what happened with FTX has happened many times in the traditional financial system. What happened is not the fault of the ecosystem, but of the intentions and bad decisions of the people in charge of these companies. This helps us to reconsider and understand the importance of being correctly informed”.
On what can be expected for 2023 and if there will be an increase in adoption, he indicated:
“I have a lot of faith that 2023 is going to be a good year, even though the market seems to be reeling right now, I still see a lot of people interested in learning more and more about the crypto world. And I’m not just talking about young people, but all ages. We have also seen many companies interested in using services like Bitwage’s as a benefit to their collaborators, turning it into an employee retention tool. This shows that interest in cryptocurrencies is still strong. In short, there is demand despite the difficulties we are facing this year”.
On whether any change is expected in regulatory terms, he opined:
“Due to what has happened with FTX, it is very possible that we will see some changes in terms of regulation. It may not be a bad thing, in fact these regulations would help avoid problems like the ones we experience and other companies have caused in the past. It’s a matter of seeing and waiting”.
About how the year was for Bitwage and what is expected for 2023, he highlighted:
“Bitwage has had a good year of growth, especially in Argentina where we have doubled the number of users in the last year and also in the United States. As I mentioned before, we have seen a lot of interest in our services from service export workers who are looking for the freedom to choose to work for any part of the world and be paid for their work in crypto, but also from many companies.”.
For his part, Raúl Ortiz, Bitwage Business Developer for Latam, analyzed:
Regarding the aspects of the business that the sector should focus on to achieve sustained growth, he highlighted:
“I think in education in general, because that way both individuals and companies can feel more confident in a sector that is subject to constant changes at all times. Especially when operating and starting to use new platforms and services. Anything that is an investment in personal or group education that allows increasing knowledge of the sector will contribute to more active participation and people can build trust not only around a product or a platform, but also around a community. of people who have already had the opportunity to try the service and can relate their experience of it. From Bitwage we see that there is a lot of value when one person indicates another for our platform, since this gives them a certain different credibility that helps improve the user experience. And I say different because it is very valuable when a person has already found a solution and shares it with their contacts who still need it at some point.”.
“I believe that for the sector to consolidate, regulation must exist in a clear and easy to understand way for all players. A regulation that not only exposes the risks but also promotes it for growth. I know it is easy to mention that regulation must exist to protect people and companies, however, in an ideal scenario, regulation would extract the best of both parties both from innovation in the sector, and from what has traditionally produced results in last. In this way, creating a bridge between the two so that there is no such gap where people feel a denial or aversion, or simply a misunderstanding of what regulation is.”.
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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