THELOGICALINDIAN - Blockchain technology is accepted in attributes It can be acclimated in a array of industries However the banking technology area takes the block back it comes to the use of broadcast balance technology due to assorted affidavit For starters the appliance of blockchain technology in the industry is amaranthine and banking institutions accept abundant assets to armamentarium the development and accomplishing action In accession the use of blockchain technology in their operations additionally helps the banking institutions cut costs by a huge margin
These actual opinions were echoed in the afresh assured Blockchain LatAm Conference. The two-day appointment captivated on 5th and 6th of December 2016 at Cartagena, Colombia saw accord from the cryptocurrency community, banking institutions and alike few assembly of the government. The affairs of Blockchain LatAm appointment affected aloft the abeyant uses of the internet and cryptocurrency technology for amount transfer/exchange; means to advance absolute crypto services; the use of blockchain technology in assorted industries; and the authoritative issues and challenges faced by Latin American cryptocurrency industry.
BBVA, the Spanish cyberbanking behemothic was one of the accommodating cyberbanking institutions which advocated the use of broadcast balance technology in cyberbanking and banking applications. A arch Spanish cryptocurrency account website interviewed Sergio Adolfo Zuniga, the Director of Innovation and Digital Culture at BBVA Colombia. The advertisement quoted Zuniga saying,
“We are alive in affiliation with fintech startups to body new business models ill-fitted for the new era.”
He additionally acicular out that the Colombian cryptocurrency ecosystem is backward abaft its added Latin American counterparts, like Argentina which has fabricated a abundant progress. Events like Blockchain LatAm will be accessible in educating bankers, entrepreneurs, developers, consultants and alike the governments about the allowances of blockchain technology, which will advice countries like Mexico and Colombia to accumulate up with the brand of Argentina.
The fintech ecosystem accepted to abound by 25 percent in the abutting year. Promoting blockchain technology aural the startup ecosystem in Colombia by demography the government and investors into aplomb will advice the country carve a abode for itself in the adorable bazaar segment.
The use of Bitcoin is already accustomed in abounding Latin America countries. While Argentina and Chile advance the list, Venezuelans accept afresh apparent added absorption in the agenda currency, attributable to the country’s declining economy. The accord of assembly from the Colombian Ministry of Information Technology and Communication is apparent as a able development for the Colombian cryptocurrency ecosystem, blame the government’s absorption in the technology.
In the advancing days, we can apprehend the Latin American nations to accomplish their attendance acquainted in the all-around crypto and fintech playground.
