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, less bureaucratic, and less expensive. Therefore, it is no surprise that cryptocurrencies have come to be seen as a hub of innovation, with an enormous capacity to optimize commerce, especially in operations involving different countries.
Basically, this solution guarantees new opportunities for organizations and consumers. And the reason is simple: the simplification of financial processes. The movement of global funds becomes more practical and transparent with this resource, as it allows the incorporation of technologies such as blockchain and smart contracts.
To illustrate, let's consider two scenarios of the same situation: a national company that wants to buy a Russian oil tanker. In the first, without the use of cryptocurrencies, the money would need to be deposited into an escrow account, which acts as an intermediary to store the funds during a transaction, in one of the two countries, as a form of payment guarantee. In other words, when the ship arrived at the destination, the amount would be released and a forward currency exchange operation would take place, bringing risks related to variables such as transportation, delivery, product quality, etc.
In the second scenario, with cryptocurrencies entering the game, all these steps could be less bureaucratic with the incorporation of a smart contract. This method itself serves as a payment guarantee because it is instant and secure. In this way, those involved are on the same page, are less impacted by market fluctuations, and carry out the transactions in question without major difficulties.
More advantages, fewer risks
Despite elevating financial operations to a new level of efficiency, the biggest concern regarding cryptocurrencies is related to 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 eliminate all the potential legal complexities that exist in international transactions. Programmable modalities are able to absorb contractual exchange rate details, bringing more predictability to what companies actually have the chance to control and plan.
Regulatory journey
In the wake of the growth of crypto investments, regulation has become a major topic of global debate, in order to ensure compliance and security in transactions. In Brazil, the only existing legislation on this market is currently Normative Instruction (IN) 188, which requires Over-the-Counter (OTC) trading services and operators to file an income tax report.
With increased investment in the sector, there is a strong need for this process to be further improved. This would professionalize the segment, since the companies operating in it need to follow certain standards, bringing more legal robustness to personal and institutional investors.
Many organizations are still hesitant to invest in cryptocurrencies precisely because of the lack of speed in the regulatory landscape. On the other hand, we cannot fail to note that technological advancements related to quantum processing and Generative Artificial Intelligence are helping several companies protect themselves from malicious actors, shielding their operations. Furthermore, these tools will be indispensable in Brazil due to the arrival of DREX, the digital currency of the Central Bank of Brazil, scheduled for launch in 2025.
The world of crypto is not something from the distant future. It's 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, one that can boost businesses and entire economies.
