Panama City, Panama - Gutemberg Dos Santos, a Brazilian-American businessman has been actively promoting the use of Blockchain technology and digital assets in South America and around the world, we may say he’s shaping the fintech american future.
"Imagine a world without financial entities, without social inequality, without fraudulent acts, without bureaucratic processes, that is Blockchain." Gutemberg Dos Santos.
Being regarded as one of the top crypto influencers from South America, he is often invited to blockchain events and conferences as a keynote speaker. He recently spoke at a technology convention about the benefits of using blockchain in the world economy in the times of crisis. According to him, Blockchain is Internet 2.0, and it has a vast potential to close the gap in the global economy. 'Internet killed the information gap in the 2000s; the blockchain will do the same thing in the financial industry'
Quoting the 2018 World Bank report, Gutemberg acknowledged that globally, 1.7 billion adults remain unbanked, yet two-thirds of them own a mobile phone that could help them access financial services. And with the help of blockchain technology, a bridge can be created that could facilitate the unbanked population to join mainstream finance. 'The economy is run by demand and supply, if 1.7 billion people are facilitated to join the mainstream economy then we can see a growth in consumption, leading to demand'
Blockchain has revolutionized the transaction industry by accelerating the capacity of mutual transactions in seconds without the need for an intermediary and people living in the rural area will be able to buy cryptocurrencies and convert them into local currency to purchase any good or service, and they will have the ability to send and receive money with symbolic commissions to any part of the world.
A Fundamental Shift
The recent crisis has forced the world to revaluate its needs and preferences. Today, the world is adopting the new fundamental shift, the world is changing quickly. The failure of traditional finance to hit all the corners of the world have given a freeway to cryptocurrencies to flourish in the areas where people don't even hold a bank account. Growth of cryptocurrencies is a clear indication that the traditional financial institutions can no longer hold the fort so well because there are still other financial needs that are arising and they should be addressed asap. We are living in the 20th century and we still see billions of people facing social and financial exclusion due to geographical borders drawn by the leaders. The blockchain technology has everything it needs to address such issues and it is just a matter of time these crypto-assets become a daily driver in our life.
Gutemberg Dos Santos on Social Media
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Media contact
Gutemberg Dos Santos