• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Huma Finance's Richard Liu Predicts Rapid Blockchain Adoption in BRICS

user avatar

by Miguel Rodriguez

4 days ago


Richard Liu, cofounder of Huma Finance, has shared insights on the future of blockchain-based payment systems within the BRICS nations, suggesting a promising trajectory for adoption, especially in India, Brazil, and South Africa. Based on the data provided in the document, these countries are poised to leverage innovative technologies to enhance their financial ecosystems.

Challenges of Blockchain Integration in Countries with Currency Controls

Liu pointed out that countries with stringent foreign currency controls, such as China and Russia, will continue to pose challenges for blockchain integration. His remarks come amid ongoing efforts by BRICS countries to enhance financial cooperation, including exploring digital currency settlements.

Opportunities for Emerging Markets

He emphasized that for emerging markets with more adaptable regulatory frameworks, blockchain technology presents a viable solution to the inefficiencies associated with traditional systems like SWIFT. Liu also highlighted the potential for T+0 same-day settlement, which could greatly benefit smaller businesses that depend on rapid cash flow.

In a recent development, OnePipe has launched a new payment scheduling feature aimed at helping Nigerians automate their utility payments, addressing a significant issue highlighted in a survey. For more details, see read more.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Trust Wallet Token Forms Bearish Gartley Pattern

chest

Trust Wallet Token is forming a Bearish Gartley harmonic pattern, indicating potential price movements.

user avatarElias Mukuru

TradeTalent Secures $8 Million to Boost AI Skills Verification

chest

TradeTalent has completed an $8 million financing round to enhance its AI skills verification technology and expand its workforce solutions.

user avatarDiego Alvarez

Bollinger Predicts W Bottom in Ethereum and Solana

chest

John Bollinger predicts potential W bottoms in Ethereum and Solana, indicating imminent volatility for these altcoins.

user avatarKenji Takahashi

Ant Group and JDcom Halt Stablecoin Plans Amid Regulatory Pressures

chest

Ant Group and JDcom have suspended their stablecoin issuance plans in Hong Kong due to increasing regulatory pressures from Chinese authorities.

user avatarMaria Fernandez

American Express Reports No Impact from US Government Shutdown

chest

American Express reports no impact from the US government shutdown, maintaining stable operations and customer interactions.

user avatarGustavo Mendoza

BlockDAG Launches Awakening Testnet, Showcasing Real Performance

chest

BlockDAG has successfully launched its Awakening Testnet, demonstrating its capabilities with real-time performance metrics.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.