Wednesday , October 5 2022

Highlight the capabilities of crypto frequencies to create greater economic integration – Télam



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"Bitcoin works transparently, autonomously and without an entity that regulates it.Bitcoin transforms the financial system: how we move, store and spend our money, ensuring credibility.This captures both Silicon Valley and Wall Street, "said Rodrigo Benadon, co-founder of Cripto247.com, at the beginning of the event.

Organized by Cripto247, the free event had about 8,000 subscribers and was supported by Ripio, BIND and Bitfarms, amongst other companies and start-ups in the industry.

In a dialogue with Telam, Benadon said "there are about 2,000 cryptoreasters, the most interesting ones are the ones with the greatest stock market value, they are the most popular and more powerful in terms of their technology."

"Bitcoin is number one and out of the 2,000 existing cryptographic, there are thousands of interesting cryptographic devices, Bitcoin has 54% of the market for these thousands, in terms of value measured in dollars," he explained.

He noted that "no one knows what is going to happen with the Bitcoin value, we all believe that the value is going to accompany this technological break, Bitcoin was literally born zero and at its highest point in December 2017, is worth $ 20,000, now we are to 5,500. "

"People pay attention, not only girls, engineers, industry, manufacturers, technology, economy, is about the processes inside companies," he added.

For his part, Emiliano Grodzki, co-founder of Cripto247, said: "Bitcoin's computing power, which is the amount of hardware that is linked to transactions, is more than a thousand times greater than Google's computing power."

Meanwhile, Ripio CEO Sebastian Serrano has highlighted "the potential that has blockchain 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, cyclical devaluations and international transactions are costly and slow, adding that 65% of the population has no bank ".

"We believe there is a great challenge and this technology can be an excellent solution for creating greater economic integration, creating products that we can not imagine, our goal is to democratize access to the digital economy through blockchain technology," he said .

He points out that "today many people are moving away from the system because it is too expensive for the traditional system to get to the pyramid base. This technology will reduce costs and allow us to reach people who have no access and can not deal with it people. "

For his part, CEO of RSK Labs, Argentina's Diego Gutiérrez Saldivar, said that "bitcoin is the top of the value Internet iceberg, what follows is a blockchain."

"Money has always been private, issued by individuals, and because of the lack of confidence, states have taken the power of money over the last 200 years."

"We now have a transparent system that respects 100% agreements, we have the ability to recover the power of money, we have the ability to create the next economic system of humanitarian integrity by nature," he said.

On the other hand, the need to provide or not a legal framework for the crypto operators was analyzed in a group attended by the FIU holder, Mariano Federici, and the BCRA. Horacio Liendo.

"We are close to regulating the digital asset market in Argentina, but before we consult all parties," said Federic, adding that "it is likely that during the G20 Summit in the coming days in Argentina, the world's cryptoactives."

"All the cryptoactic regulations in Argentina are aimed at combating money laundering and drug trafficking," he said, adding that in this kind of development, "excessive regulation is counterproductive."

Liendo agreed that "you do not have to settle for doubt but be exact about the issue."

"It should not be ruled out that in the future the Argentine Central Bank may have digital assets in its funds, but while it is not stable, it is out of the bank," he concluded.

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