Rolando Polanco

  THE FUTURE OF MONEY By Rolando Polanco Digital money has been in the process of development for decades now. New technologies aim to democratize finance and expand access to financial products and services. One of the main objectives is to substantially reduce instant payments, both national and international. However, not all forms of digital money will prove viable. Cryptocurrencies like Bitcoin have not thrived as money. While they are actively traded and subject to much speculation, their prices are decoupled from any underlying economic value. Stablecoins are designed to moderate volatility, but many have proven to be anything but stable and depend on the quality of the reserve assets that support them. The KEY is REGULATION. IMF advocates the adoption of global rules to impose order in markets and create a safe space for innovation.  Meanwhile, central banks are considering their digital currencies. The head of the Bank for International Settlements, Agustín Carstens, ...

  Real-time payments are trending in countries around the world, Latin America is no exception. By Rolando Polanco July 29, 2024 In several studies, 76% of respondents indicated that real-time payments are the most significant digital payment trend in the region, surpassing payments accounts 2 accounts (A2A), like Brazil.  This trend is great news for both the global economy and the payments industry. A study conducted in 2021 revealed that instant payments increased the GDP by $78 billion in 30 international markets, and this is just the beginning. The increasing popularity of real-time payments is driving innovation output, competition, cash flow, and overall economic growth in Latin America. In this post, we will analyze the current state of real-time payments in Latin America, the benefits of this trend, and the future of digital payments at the regional level. Instant Payments in Latin America: Statistics show that among all the countries in Latin America that are adoptin...