Even when the Government of Bolivia to maintain the measure of ban on the use of cryptocurrencies, enthusiastic as Gabriela Melendrez Alaro, founder of the collective Bolivian Mind Blockchain (BMB), were of the view that such action should not serve as an excuse to stay stagnant, rather, to assess it as an opportunity to address the promotion of this type of assets as an effective form of diversification of the national economy.Melendrez Alaro says that since a year ago has focused, through BMB, in promoting talks to reduce the lack of knowledge about the ecosystem of the cryptocurrencies.De similarly, in the area of regulation, has driven the discussion of a text called “an Alert about the illegal financial activity”, in which the Authority of the System of Financial Oversight of Bolivia specifies the different types of fraud and urges the various illegal activities that are causing the cryptocurrencies, from the point of view of the entity. In his view, this restrictive measure, far from scaring the users, rather it has managed to capture the collective interest on the advantages of such an ecosystem.In effect, Breaking News approached for comment how was your start in the world of cryptocurrencies. In this regard, he explained that in 2014 conducted a senior project to obtain your bachelor’s degree, in which he made a study of the use of bitcoin for small-scale microentrepreneurs in Bolivia.
(…) it was when, precisely, was issued the government resolution, which I was to analyze actual cases. For example, my family works in the decorative ceramics of clay, which has good acceptance outside of Bolivia, there could be marketed in cryptocurrencies. And it is there where the approach to the primary of my project, that is to say, it is valid that can transarse goods and services in cryptocurrencies.Gabriela Melendrez Alaro, founder of the collective BMB.
At the discretion of Melendrez Alaro, open a bank account in Bolivia is very complicated by the same pre-requisites, without having which the interest rates are high in the commissions that are paid for transfers between banks in different countries. “For this reason, the use of bitcoin or other cryptocurrencies would drive swiftly and safely to microeconomics bolivian”, he emphasized.He clarified that it was not started in this world of cryptocurrencies in order to make trading. It does, however, admitted that what most appealed to him was the theme of decentralization as a currency and the possibility of being able to sell and buy without intermediaries.
While the cryptocurrencies in the world are not regulated by any agency of the State, their use does benefit small businesses, since it would avoid intermediaries that would save time and transaction costs, thanks to the system of peer-to-peer.Gabriela Melendrez Alaro, founder of the collective BMB.
The initiatives focused on the use of Bitcoin, Ethereum or Nem that are being promoted currently in Bolivia, due to that “known processes irregular in certain ‘paperwork’, where she favors the one who has most, which has an impact on the lack of transparency in the processes. It is there where we promote the technology associated with the chains of blocks, to be efficient and transparent to the citizenry of bolivia,” said Melendrez.Gabriela Melendrez Alaro. Source: testingbolivia.com
Contents
A decade after the Bitcoin
As bitcoin is ten years old and Melendrez Alaro rule out that there is some resistance or skepticism in the region regarding the use of the cryptocurrencies. “I think that to a certain susceptibility by the standard, at least in Bolivia, which restricts the use of currency is not regulated by the Central Bank of Bolivia (BCB)”, suggests.Also think that bitcoin and other cryptocurrencies are becoming an alternative to the banking system. “Today, these choices have become a way of being able to send money with cryptocurrencies and then maybe be achieved by monetizing the currency of the region”, manifestó.De according to his experience, the use of bitcoin to offer to the bolivian people the ability to manage their own capital, and businesses to make operations much safer and more flexible, that will provide liquidity, because they would not have to pay special committees, which is what is usually required by the banks to execute the transfers.”So, with these digital currencies, we would not need any type of intermediary that will facilitate the realization of any financial move because it uses a decentralized system, unlike fiat money, the value of the cryptocurrencies could not be manipulated at the whim of a few,” he said.
Higher education
Melendrez Alaro think that the bolivian society requires more financial education. “Bolivians should be aware that the digital currencies are gaining more popularity, because they are within a decentralized system, whose activity is not regulated by any public body,” he said.Currently, throughout the world, it handles a considerable number of various cryptocurrencies and every one of them has a particular way of operating, that would allow the bolivian suit best, according to your requirement.Now it is known that the use of the cryptocurrencies in Bolivia is illegal, however for Melendrez Alaro that has served to pay special attention to the dynamics of the market of the cryptocurrencies in the country. In detail, believes that the approach has been to observe the uses of bitcoin for educational purposes and proof-of-concept.“What I liked about bitcoin is the technology that is behind And since then I come seeing the scenarios in which they are applying,” he said.Around the convenience to regulate the management of the cryptocurrencies in the Latin american region, Melendrez Alaro argued that if we analyze the presence of the cryptocurrencies as a system, which do not respond to the governments, and if we take into account the utility that gives the user that needs to export some product, yes you have a regulation, “in addition to with that the rule be amended to please use these criptoactivos, the same region can go by their proof-of-concept for it is not to the margin of the digital economy.”On the other hand, the founder of BMB do not believe that the cryptocurrencies is a simple fashion, nor is the panacea for the digital economy and systems of governance.At its discretion, the ecosystem, blockchain does not solve all problems but it helps as a partner to deliver public services more efficient.
This technology can recover the confidence of the investor and user in those processes where there is vulnerability of information hosted in the cloud. That is why it is also considered to the technology blockchain as the Internet of value.Gabriela Melendrez Alaro, founder of the collective BMB.
Balance sheet of BMB since its creation
Under the lens of Melendrez , the balance of the work of Bolivian Mind Blockchain since it was founded in October of 2018 to the present has been positive since the meetings initially had the objective of informing the population that bitcoin is not “blockchain”, as well as to know the properties of these technologies.Source: Bolivia mind Blockchain / facebook.eat what you will of this year, and thanks to the support of the Cultural Center of Spain, stressed that each time more grows the number of people interested in knowing about the digital economy.
We believe that Bolivia can be a part of this great move world and we believe that information sharing should not be limited, and more to the contrary, we must open doors so that more people can have an idea and that this is the start of a great adventure, the development of applications with emerging technologies.Gabriela Melendrez Alaro, founder of the collective BMB.
Of face to the future, he said that the expansion of Bolivian Mind Blockchain points to the realization of specific goals, such as educating on the use of cryptocurrencies, so to strengthen the adoption in the local industry, “we want to make the processes transparent and efficient, which help us to developing particular and in the world. We believe that emerging technologies, in this case blockchain, you will help us to achieve that goal,” he said.The expectations increase and now more than the founder of BMB, Gabriela Melendrez Alaro was included as a coordinator for the node of Bolivia in the Alliance Blockchain Ibero-america, an organization in which involved actors from different countries that focus on sharing information related about these emerging technologies.“We are happy to form part of the Alliance Blockchain and since they must begin to fine-tune various activities that help to underpin the knowledge and effective use of the digital economy,” he said.