FTX collapse won't impact everyday use of crypto in Brazil: Transfero CEO

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The collapse of FTX may have hurt investor sentiment in Brazil, but it won't change everyday citizens who use crypto for cross-border transactions and inflation hedging.

The crumbling of the FTX crypto empire may have damaged Brazilian retail and institutional sentiment toward crypto. However, its impact won't affect everyday citizens — who will still use crypto for cross-border transactions.

César told Cointelegraph that the collapse of the exchange had removed a “big liquidity source” from the market, as FTX was ranked within the top three in terms of trading volume. However, he notes that for people that use crypto as a means for cross-border payments or the “internationalization of money,” there will unlikely be any impact from the FTX collapse.

 

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Lets face is, CRYPTO IS DEAD. Binance has referal program, send link to your friend and you and your friend both get 100 dollars free. I offered this to 10 of my friends. Every single one of them said immediately NO. People look crypto and say it is most evil thing ever.

Amen🙏

📈📈

It won’t affect

Yes it will

Why binance transfer 2.7B of proof of reserve from bnb chain to tron cold wallete . Please explain it

LoL yessss it become famous not for positive situation But the FALL!

Binance is the answer!

Mfers in the world have no idea what is brewing in that place forgotten by God called Brazil! They already have the freaking future of markets running in there! You can buy and sell pleasure with crypto there, what else do you need to buy in life?

Do not fear Bitcoin bear markets. They lead to accumulation phases of a lifetime. The only trick is to just stick around no matter how bad it gets If you aren’t following Bnb_7h you should be. There aren’t many who have a better understanding of value investing, great TA

looks like tether really needs to make a stablecoin for brazilian currency!! such a huge market

TKralow Thankss a millon

TKralow Thankss a millon

Amamos as criptomoedas!

CEOs of every crypto exchange now has responsibility to put in their earnings in industry for immediate revival instead of users to come up with their savings again.Stop playing with users anymore and let yourself place here and enjoy volatility. Its CEO time.

Lmao inflation hedging. Did you see how inflation has risen over the past year to over 8%, while Bitcoin has loss 80% in value? People who think Bitcoin is a hedge against inflation is absolutely delusional..

inflation hedging? oh, converting their local currency to USD.

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