Bitso, cryptocurrency platform, with presence in Mexico, Brazil. Argentina and El Salvador, more than 4 million customers, started operations in Colombia, offering the exchange service for this type of product.
(See: Gucci accepts cryptocurrency payments in the United States).
Emilio Pardo, CEO for Colombia, says that despite the moment of devaluation that cryptocurrencies are going through, especially the bitcoin, This market is here to stay in the country and, in addition, it warns that a regulation is required from the Government that allows the protection of clients.
They arrive in the country at a difficult time for cryptocurrencies…
It is a difficult time, not only for cryptocurrencies, but for what we are facing, as there is war, world inflation, rising interest rates in many countries and this was coupled with some bad news from stablecoins (stablecoins).
It’s a shock to the market, but if crypto weren’t relevant, no one would be talking about it. This is here to stay and care must be taken from the regulatory and educational aspects. Nothing can be done with prices except to warn of what must be done.
(See: Fortunes that crypto millionaires have lost amid the crisis).
How do you build trust if prices are falling and you hear of people losing money?
Undoubtedly, the price is circumstantial, but confidence is given to the consumer seeing that the silver is safe with us. We hold much of the crypto that goes into the wallet. We have an international insurance that protects the portfolios and that gives the regulators confidence. We are the first to ask to combat money laundering and since we are open doors, we seek adequate regulation and we ask President Iván Duque to do so on Monday.
When a client deposits pesos and converts them to a cryptocurrency such as bitcoin, that asset must be protected somewhere and that is our job. We have some protection systems and those virtual assets are safe because there are some levels of portfolios where the assets are protected. With the Banco de Bogotá we do the cryptocurrency exchange pilot in ‘la Arenera’ of the Superfinanciera.
(See: How the Lunar Crash Rocked the Rest of Crypto).
BRIEFCASE
