Transfero’s Thiago Cesar, a Brazilian entrepreneur and founder of Transfero Swiss AG, has been a long-time advocate of Bitcoin. He started buying Bitcoin in 2012 and recognized its potential for internationalizing money. Here are the most important points from his statement:
1. Bitcoin has the potential to revolutionize the financial industry
According to Cesar, Bitcoin has the potential to revolutionize the financial industry by providing a decentralized and secure platform for transactions. It eliminates the need for intermediaries such as banks and financial institutions, which can reduce transaction costs and increase efficiency.
2. Bitcoin can be used for international transactions
Cesar recognized that Bitcoin could be used for international transactions, which can be expensive and time-consuming using traditional methods. Bitcoin enables fast and secure transactions across borders, making it an ideal solution for businesses and individuals who need to transfer money internationally.
3. Bitcoin is a hedge against inflation
Cesar also saw Bitcoin as a hedge against inflation, particularly in countries with unstable currencies. Bitcoin’s limited supply and decentralized nature make it resistant to inflation, making it an attractive investment option for those looking to protect their wealth.
In summary, Transfero’s Thiago Cesar recognized the potential of Bitcoin early on and saw it as a revolutionary technology that could transform the financial industry by providing a decentralized and secure platform for transactions, enabling fast and secure international transactions, and serving as a hedge against inflation. As Bitcoin continues to gain mainstream acceptance, Cesar’s foresight has proven to be accurate.