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, faster, with less bureaucracy, and lower costs. Therefore, it's not surprising that cryptocurrencies are now seen as a hub of innovation, with a tremendous capacity to optimize trade, especially in operations involving different countries.
Basically, this solution creates new opportunities for organizations and consumers. And the reason is simple: streamlining financial processes. Global money movement becomes more practical and transparent with this tool, as 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 into an escrow account, acting as an intermediary to store the funds during the transaction, in one of the two countries, as a payment guarantee. In other words, when the ship arrived at the destination, the amount would be released, and a forward exchange operation would occur, bringing risks associated with transport variables, delivery, product quality, etc.
In the second scenario, with cryptocurrencies involved, all these steps could be less bureaucratic with the incorporation of a smart contract. The method itself acts as a payment guarantee because it's instant and secure. This way, all parties are on the same page, are less impacted by market fluctuations, and execute the transactions in question without major difficulties.
More advantages, fewer risks
Despite raising financial operations to a new level of efficiency, the biggest concern about cryptocurrencies is their volatility. However, we need to understand that this characteristic already exists today, regardless of the use of digital currency.
Primarily because it involves many third parties and a range of global uncertainties, this type of risk is inherent in current business relationships. However, using technology to eliminate unnecessary processes in negotiation is a greater advantage than any obstacle that may arise.
Cryptocurrencies remove as many legal complexities as possible from international operations. Programmable modalities can absorb contractual exchange details, bringing more predictability to what companies can realistically control and plan.
Regulation Day
Following the growth of cryptocurrency investments, regulation has become a major global discussion point, ensuring compliance and security in transactions. In Brazil, the only existing legislation for this market currently is Instruction Note (IN) 188, which mandates income tax reporting for Over-the-Counter (OTC) trading services and operators.
With increased investment in the sector, there's a strong need for significant improvement in this process. This would professionalize the segment, as operating companies would need to follow established standards, thereby bringing more legal solidity to both individual and institutional investors.
Many organizations are still hesitant to invest in cryptocurrencies precisely because of the lack of regulatory speed. On the other hand, we cannot ignore the technological advancements in quantum computing and Generative Artificial Intelligence, which are helping numerous companies protect themselves from malicious actors, bolstering their operations. Indeed, these tools will be indispensable in Brazil due to the arrival of DREX, the Central Bank of Brazil's digital currency, scheduled to launch in 2025.
The crypto world isn't something for a distant future. It's already a reality that's starting to change how businesses operate. Individuals and corporations increasingly need to understand that this is a significant trend in the financial market, one that can propel businesses and entire economies.