According to an official statement, the world’s largest crypto exchange, Binance, joins Colombia Fintech. And thus strengthen the crypto ecosystem in Colombia.
Specifically, Binance announces its incorporation into Colombia Fintech, an association of Fintech companies in Colombia. Practically, in order to strengthen the knowledge of the crypto world in the country.
In addition, to add the experience of Binance. At a time of progress that the sector is experiencing in terms of regulation and adoption in the use of cryptoactives.
In fact, Bryan Benson, COO of Binance Colombia, noted: “We are very satisfied to be part of an organization that supports financial development on digital platforms. And it promotes good practices in the financial sector. Which is aligned with the essence of Binance as a company».
«Without a doubt, being part of Colombia Fintech will promote good practices and strengthen education in the use of cryptocurrencies in Colombia».
Entry of Binance to Colombia Fintech
In this regard, Erik Rincón, president of Colombia Fintech highlighted: «Fintech companies are the immediate response to the need for innovation in the traditional financial system. Allowing access to financial products to the whole of society».
«Likewise, the leadership with the commitment to give all the relevance to the Fintech ecosystem as part of the solution to ward off the effects of the health crisis. We are convinced of the historic opportunity that is presented to us, to demonstrate that through digitized financial inclusion we can achieve economic reactivation for our societies».
Very importantly, Erick Rincón’s challenges are great at a time when the entire world faces the worst crisis in its history due to the Pandemic. And the Fintech ecosystem is no stranger to it.
As a curious fact, there is already Binance in Colombia!
More financial inclusion is expected
For its part, Colombia Fintech concluded that Blockchain technology was definitive as well as Fintech to achieve greater financial inclusion in the country in the last year. Attracting an approximate of 1.44 million people.
In fact, Erick Rincón: «There is already a great adherence in society as it has been shown how an important segment of the population uses financial technology solutions to solve their needs».
In addition, he added: «But, in the inclusion indicators this process is only shown from the figures that by law the entities supervised by the Financial Superintendence must report. Excluding other actors that are part of the alternative financing and that should be considered».
By the way, the Colombia Fintech association trusts that, by 2024, they will be part of the boom that the region is experiencing, mainly Brazil, Argentina and Mexico. Who will move in purses 1,356 million dollars in three years. And it forecasts that the movement of money in cryptocurrencies in Colombia will be 92.7 million dollars for the same year.
In this regard, Bryan Benson, indicated: «Since the inception of Binance we have worked creating a community of crypto users and enthusiasts throughout the Latin American region».
«We are proud to be the largest Spanish-speaking today. Which allows us to focus on the growth of the brand and our products, with the support of millions of users. What has allowed us to carry out partnerships with institutions and also deliver a product located by country according to the needs of each one.».
I close with this phrase by Bryan Benson: «Without a doubt, being part of Colombia Fintech will promote good practices and strengthen education in the use of cryptocurrencies in Colombia».