🚀🚀Sebastian Serrano, CEO of Ripio, one of the largest cryptocurrency exchanges in Latin America, affirmed that crypto is already being harnessed by companies in Brazil and China as part of their regular payment flow. Serrano offered insight into the use cases that institutions are displaying for crypto services in Latam and stated that several Brazilian unnamed companies were paying for supplies coming from China using cryptocurrency.
In the same way, Serrano disclosed that some Argentine companies were using cryptocurrency as a hedge against the crippling inflation that the country is facing. Also, Serrano highlighted the use case of cryptocurrency for remittance transactions between the U.S. and Mexico.
Serrano told Valor Economico that he also believed that the future of cryptocurrency was linked to its use in capital markets. He stated:
In the coming years, we will see companies start to finance themselves with cryptocurrencies. The capital markets of the future will be based on blockchain.