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Thiago Cesar, CEO at Transfero Group discusses the economic impact of crypto and how to best prepare for the volatility of this globally fluid finance method.

Transfero Group’s mission is to facilitate and foster the adoption of digital assets, offering services in payments, crypto and asset management.

Discussion Points:

  • Liquidity in crypto markets
  • Impact of crypto on developing nations
  • Rio De Janeiro investing in Bitcoin
  • Creating a globally fluid finance
  • Where is crypto falling short?
  • Advice for preparing with crypto volatility


What impact has cryptocurrency had for entrepreneurs reaching international markets? 

Those who are working out of Latin America are getting their salaries paid in Bitcoin because their countries either have capital controls or they have rampant inflation, so they have to protect their money. 

Before crypto, it was difficult to invest in startups coming out of Peru or Bolivia because it would be a struggle to get financial instruments that could touch those markets – because crypto doesn’t have any borders, those investments can actually be made.  

What impact has the crypto space had on developing nations? 

Treasuries from emerging countries are acquiring crypto – the government in Rio de Janeiro plan to allocate at least 1% of the treasury into crypto – that means that the next step is the digitization of the economy. While most of cryptocurrency’s impact is currently on a micro level, this will start to expand to a macro level, and these movements will change nations.   

What are the biggest disadvantages of cryptocurrency on the global economy? 

People are taking advantage of the hype surrounding crypto, and because its global and frictionless and permission-less by nature people are able to exploit it. Accountability and enforcement will be improved over the years, but these are things that still need to be solved.  

What advice do you have for preparing for the volatility of cryptocurrency? 

You shouldn’t keep 100% of your investments in crypto, as it’s still a volatile instrument – there needs to be a sensible allocation between different investments. But volatility is also part of the game of crypto at the moment – there will be a stage when that decreases.  

What do you think will be the impact of crypto currency on the macro economy? 

Within three years we might see some of the top five economies declaring that they have some form of cryptocurrency in their treasury. I believe that in future generations, there will be less reliance on fiat currencies and more reliance on crypto. Countries will also be able to trade with each other through bitcoin, rather than transferring everything through the dollar, which will challenge the balance of power in the world.