At the ninth edition of LaBitConf, Leandro Guini, CEO of red SERFINSA, a digital payment processor for banks in El Salvador, said that there are benefits on both sides. Guini described the acceptance of Bitcoin in El Salvador as a “unique opportunity” in that regard. Additionally, the executive said that SERFINSA is willing to provide its infrastructure to facilitate transactions between firms and individuals using Bitcoin wallets such as Chivo or any other, as long as they adhere to regulatory requirements. Guini added:
Education and infrastructure is crucial
Other participants in discussion at the conference were Luis Rodrguez of the Central American Bank for Economic Integration (BCIE), Carlos Ruge of DaviPlata (part of the Davivienda Colombian group), and Francisco Montenegro of the Open Bank Project. Rodrguez said that the introduction of Bitcoin in the Central American nation has resulted in a great deal of learning. He said that everything had been a question of taking tangible steps, and one of those steps has to do with a clear regulation, such as the Bitcoin Law. Rodríguez stated. They feel that although all participants agree that the acceptance of Bitcoin is a good development, two critical factors must be addressed: education on how cryptocurrencies function and the establishment of technical infrastructure. In this regard, Francisco Montenegro of the Open Bank Project said that banks do not need to adopt solutions already in place but rather should flatten the learning curve in terms of educational attainment rather than creating new ones. Montenegro thinks that infrastructure should include custody services and AML (Anti-Money Laundering), a regulatory framework designed by the governments of each nation to prevent money laundering. [coinbase]
