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.
Settlements are being more and more done in crypto such as Bitcoin and others (#XRP and #XLM).— Steven Bull From the Diep (@DiepSanh) December 16, 2019
More and more companies are using crypto to settle payments
2019 has been INTERESTING!
Banks and governments are slowly understanding
Hugo Cuevas, Mohr
Dec 2019 pic.twitter.com/eLIkP1WVtV
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.