Director of Binance in Brazil argues that financial education will be decisive for the crypto market

In an interview given to the LIDE TV on YouTube last Monday (30), the director of Institutional Relations at Binance for Latin America, Daniel Mangabeira, defended the strengthening of educational initiatives related to the cryptocurrency market as a way of educating people to use this ecosystem, which, according to him, represents much more than investments. Mangabeira participated in LIDE Next Economy 3.0, which brought together businessmen, authorities and experts in São Paulo to discuss the pillars, applications, uses, regulation and maturation of the new economy.

The event was promoted by Grupo de Líderes Empresariais (LIDE), an organization founded in 2003 that brings together executives from different sectors to discuss economic and social development and governance principles in the public and private spheres.

Highlighting the possibility of the event in relation to the dissemination of information regarding the crypto economy, the director of Binance said that:

“First of all, I think it is important to comment on LIDE, the event was of a very high level, I think it was very clear that this was a positive and purposeful event. An event that, in fact, intended to educate people or position itself so that people would have more information, so the panelists were of a very high level, really very qualified personnel. I think, as far as the educational aspect is concerned, I agree that crypto as a whole is a bit of a dry topic, it’s a dense topic, a difficult topic, and I think the role of organizations like LIDE and the Binance, as one of the most relevant actors in this industry, in this ecosystem, is in fact creating spaces for people to understand a little better what this is all about, because, after all, we are not just talking about a mechanism investment, we are talking about technology, we are talking about tools that can be put to people’s use and availability and we need to understand how to do it.”

He was still optimistic about the emergence of an academic area aimed at training professionals specific to the cryptocurrency ecosystem.

“I think we will see a lot more traditional educational processes: universities, colleges, creating spaces, courses, and even specific training for this type of industry, so I think we are at the beginning of a wave that tends to grow and as where to evolve, I think we will have more space and more structure for people to learn and seek information”, he added.

The dissemination of knowledge for the maturation of the market was also highlighted during the event by the partner and CFO of Transfero, Carlos Russo, emphasizing that “we have two challenges: to educate the population to use this type of service at a still incipient stage and to educate the workforce to develop technology at a global level, commercializing it with the whole world.”

The future

Based on decentralized finance (DeFi) and on web3, LIDE Next Economy 3.0 was hosted by the president of LIDE Tecnologia, Leonardo Framil, who is also president of Accenture in Latin America. The editor of Broadcast and columnist for Jornal O Estado de São Paulo, Luana Pavani, and the executive director of Grupo Doria, João Doria Neto, mediated the debates, which took place in the new Teatro B32, as reported by the LIDE.

For the president of LIDE, the next decade of the financial and tech market will be completely different from the last decade.

“Crypto assets will certainly be a great move to unite the digital and physical world. Web 3.0 is, in fact, the transformation of everything we’ve known so far,” said Framil.

The director of financial products at XP Investimentos, Lucas Amaral, pointed out that the third stage of the economy is marked by vast capillarity and ramifications, while the CEO of Xtag, Marcos Horie, came out in defense of the regulation, which also won chorus in the words of the professor at Insper, João Manoel Pinho de honey In turn, the director of Accenture and leader of the capital markets area in Latin America, Denis Nakazawa, pointed to the transformation of the market from the popularization of DeFi.

In his remarks, the lawyer specializing in cryptocurrencies Pablo Cerdeira, a partner at Galdino & Coelho Advogados, said that the market is on the verge of finding safer models than what the regulation itself can guarantee and amended saying that “it must exist, also, the same freedom guaranteed today in the banking system and brokers, for the crypto asset market.”

The CEO of Invest.Rio, Rodrigo Stallone, highlighted the need for transparency on the part of the government, since Economy 3.0 even offers services in Brazilian municipalities.

In recent days, Nubank also proved to be looking to the future regarding finance, so much so that the bank recently incorporated cryptocurrency trading through a partnership with Paxos, as well as dropping layoffs and revealing that Customers are abandoning savings to embrace crypto, as reported by the Cointelegraph Brazil.

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