All markets, without exception, are becoming more digital and faster. In the business world, companies want ways to receive and make payments that are easier, more agile, with less bureaucracy, and lower costs. Therefore, it is not surprising that cryptocurrencies are now seen as a hub of innovation, with enormous potential to optimize trade, especially in operations involving different countries.
Basically, this solution ensures new opportunities for organizations and consumers. The reason is simple: the streamlining of financial processes. The movement of global values becomes more practical and transparent with the action of this resource since it allows the incorporation of technologies like blockchain and smart contracts.
To exemplify, let’s consider two scenarios of the same situation: a national company wanting to buy a Russian oil tanker. In the first scenario, without the use of cryptocurrencies, the money would need to be deposited in an escrow account, which acts as an intermediary to store the funds during a transaction in one of the two countries as a payment guarantee. In other words, when the ship arrives, the amount would be released, and a future note currency exchange operation would take place, bringing risks related to transportation variables, delivery, product quality, etc.
In the second scenario, with cryptocurrencies coming into play, all these steps could be less bureaucratic with the incorporation of a smart contract. The very modality serves as a payment guarantee as it is instant and secure. Thus, those involved are on the same page, less affected by market fluctuations, and carry out the transactions in question without major difficulties.
More advantages, fewer risks
Despite taking financial operations to a new level of efficiency, the major concern regarding cryptocurrencies is related to volatility. However, we need to understand that this characteristic already exists today, regardless of using digital currency.
Mainly involving many third parties and a range of global uncertainties, this kind of risk is intrinsic to current commercial relationships. However, utilizing technology to eliminate unnecessary processes in negotiations is a greater advantage than any obstacle that may arise.
Cryptocurrencies remove all possible legal complexities existing in international operations. Programmable modalities are capable of absorbing contractual exchange rate details, providing more predictability for what companies actually have a chance to control and plan.
Regulation Journey
In the wake of growing investments in crypto, regulation has become a major topic of global debate, aiming to ensure compliance and security in transactions. In Brazil, the only existing legislation on this market currently is Normative Instruction (IN) 188, which requires Over-the-Counter (OTC) trading services and operators to report income tax.
With the increase in investments in the sector, there is a strong need for this process to be further developed. This would professionalize the segment since operating companies need to follow certain standards, bringing more legal robustness to personal and institutional investors.
Many organizations still hesitate to invest in cryptocurrencies precisely due to the lack of speed in the regulatory sphere. On the other hand, we cannot fail to notice that technological advancements linked to quantum processing and Generative Artificial Intelligence are helping several companies protect themselves from malicious agents, shielding operations. In fact, these tools will be indispensable in the Brazilian territory due to the arrival of DREX, the digital currency of the Central Bank of Brazil, expected to be launched in 2025.
The world of crypto is not something of a distant future. It is already a reality that is beginning to change the way companies do business. Individuals and corporations need to understand more and more that this is an important trend in the financial market, which can drive businesses and whole economies.
