Ripio CEO: Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency

[sirty143]

Ripio CEO: Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency

Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways... See more for yourself here.

Your opinion is greatly appreciated.

[TomPluz]

I am seeing a very exciting momentum happening in the Latin America for the cryptocurrency market and I am sure this region can be like the next frontier for crypto to work well as more and more business entities are now adopting ways and means on how they can maximize the use of this digital option and of course in a way that they make some more money, save some money and make things safer, less expensive and direct. The only downside is that is part of the dedollarization movement that is going right now...that can surely affect the dollar as the international reserve and its demise will later on impact the USA economy but for sure USA-hating countries are so happy with this development. As for me, this is actually an inevitable as the coming in of Bitcoin and cryptocurrency is now unstoppable and USA has to learn ways and means to actually benefit from it and not be its passive victim as the Latam market is waking up to a better and profitable cryptocurrency option they use for doing business in the global scale. With this development, we can also see the Chinese companies are still open to cryptocurrency even if its government  had banned it years ago.

[Faisal2202]

Ripio CEO: Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency

It's a good thing that they prefer crypto for such trades but I just read news where they said BRICS have shifted there highlight toward the usage of the local currency which means they focused their concerns on paragraph 4 of the document which says we should use local currency for trading.

And as we know China and Brazil are part of BRICS don't you guys thing this trading method would violate those rules which connect them to BRICS? I think that's why they are focusing on this issue more than before so countries becoming part of this organization would really stick to it. Although this single trade between two companies is not going to make a lot of trouble but still it is considerable.

[Captain Corporate]

When they reach a final verdict on that BRICS situation, I am sure that they are going to be fine. This is why I believe that we are going to end up with something that will gradually get better for them. However, they should also realize that its not a such great idea to do this, why? Look at EU, they got together, built a union, and eventually look at where they are right now. I would say that most of them are regretting their decision to be in the EU and I believe that aside from some smaller nations who benefit from it, most of the larger ones are just trying to back out. Which is why I believe that we are going to see BRICS may regret that decision too.