Bitcoin, XRP Settlements Getting More and More Popular: Platinum Network CEO

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Mon, 12/16/2019 - 12:48
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Yuri Molchan
During the major Latin American crypto conference, Hugo Cuevas notes that crypto payments are getting more popular and so calls 2019 an interesting year
Bitcoin, XRP Settlements Getting More and More Popular: Platinum Network CEO
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Hugo Cuevas is an expert in the money transfer sphere and the CEO of Platinum Network. His LinkedIn page calls him:

“a consultant for a number of financial institutions in the Money Transfer, Remittances & Cross-Border Industry in the US, Europe, Latin America, and Africa. Besides established companies, he advises fintech firms, blockchain-based projects, innovative financial services, associations, and trade groups.”

During the LaBitConf event this December, Cuevas stated that he observed more and more settlements are being conducted in crypto this year - Bitcoin, XRP, XLM.

Crypto settlements: 2019 has been very interesting

During the LaBitConf Latin American conference dedicated to cryptocurrencies and blockchain, which took place in Uruguay on December 12-13 this year, Hugo Cuevas said that 2019 has been very interesting, since more and more settlements between companies are being done in crypto.

In particularly, he named Bitcoin, XRP and Stellar’s XLM – in the context of remittances.

He added that banks are being very slowly to understand this new trend. Banks are still taking days to conduct money transfers, whereas crypto can do it much faster and cheaper – both these nuances are very important for companies who use crypto settlements and for people who use XRP for remittances.

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LaBitConf 2019

LaBitConf brings together top-end speakers and major players from the crypto industry from around twenty countries. This year, many well-known industry experts and representatives came to participate in the event.

As per the website of the conference, among them was Andreas M. Antonopoulos, Adam Black from Blockstream, the crypto investor Max Keiser, the ShapeShift CEO Erik Voorhees, the Bitcoin developer Jimmy Song, etc. The panel was moderated by the podcaster Peter McCormack.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.