González highlighted that in each country in the region, cryptocurrencies have a different use case. In Argentina, which has inflation above 100% and with a restriction on holding dollars, the use of stablecoins linked to the dollar are the most popular.
In addition, Bitso offers 2% annual returns to those who invest in USD stablecoinso Argentines prefer this currency over others.
In Brazil, the greatest use is made by small and medium-sized companies, since they seek to move money in the region with the sales they make and have a more efficient financial system, González pointed out.
Bitso, which this year celebrates 9 years of operation, considered that another of the use cases in Mexico is the sending of dollars not only as remittances but also from companies that pay their salaries to digital nomads. Last year there were 3.3 billion dollars of shipments between the United States and Mexico.
González highlighted that after an alliance with Ripple, Bitso can provide services to companies such as remittance companies, payment processors, international payments, among other lines.
Stable coins or stablecoins are assets that replicate the real value of other currencies such as the dollar or the euro, for example. Bitso offers six types of stablecoins in its portfolio: DAI, Euro, PAX Gold, Tether USD, True USD and USD stablecoins.
“We want to enable new stable currencies because we believe that they will be a very important step towards digitizing the economy of the people, above all to globalize the economy,” González added.