Inswitch y Binance Pay se asocian para impulsar la adopción de

criptomonedas en LATAM

Inswitch, a CCCE affiliate leader in embedded finance technology, and Binance Pay,
a secure, borderless, contactless payment technology designed by Binance, a
leading global infrastructure provider for the cryptocurrency and blockchain
ecosystem, announced that have signed a strategic alliance, which will allow both
companies to improve their fintech solutions and offer Binance Pay to all businesses
in LATAM.

Some of the advantages of this partnership will allow merchants to

receive payments in more than 50 cryptocurrencies with ultra-fast payments.

Support new products or business models and accept recurring payments globally.

Quickly set up Binance Pay and manage returning customers with Inswitch APIs and
solutions

“We are very excited and committed to democratizing the payment industry,
connecting more than 650 million people in LATAM with electronic commerce around
the world. Merchants will now have more choice in how they receive their payments
and let their customers choose how to pay wherever they are,” said Ronald
Alvarenga, CEO of Inswitch.
Plus, with Inswitch, merchants can configure everything through the Inswitch
Business Portal or create new digital experiences through flexible APIs and a suite of
low-code fintech products. And merchants can flexibly accept different payment
methods to best suit their product needs.
This agreement will include different types of business: Business-to-Consumer,
Business-to-Business, Consumer-to-Business. Binance Pay and Inswitch are
positioned to deliver a robust turnkey solution for a wide variety of verticals, including
e-commerce, merchants, tourism, CPGs, and sharing economy companies, among
others.
Por qué las tecnologías emergentes pueden ser una amenaza para los
países pobres

Groundwater quality in Bangladesh is monitored by Internet of Things systems;

drones deliver medical supplies to communities in remote areas of Rwanda and
Ghana; artificial intelligence and big data are being used in the pandemic to screen
patients and track outbreaks. Emerging technologies have enormous potential to
improve people's lives. But there is also a great risk: that inequalities increase.
"Governments and the international community must guide emerging technologies
so that they support sustainable development and that no one is left behind,"
concludes a report by UNCTAD, the United Nations Conference on Trade and
Development, on technology.
Only a few countries are currently creators of so-called frontier technologies - which
include artificial intelligence, robotics, biotechnology and nanotechnology - although
all must prepare for them. "Although technological advances are essential for
sustainable development," the UN report points out, "it is also essential that they can
lead to the entrenchment of inequalities or the appearance of new ones." The
introduction of cutting-edge technologies can "limit their access to the most
privileged groups and prosperous countries, either by introducing biases or by
having unintended consequences."
Among those threats is concern that AI and robotics will reduce the number of jobs.

worst wages

Job displacement may be accompanied by wage polarization. Thus, robotization

could lead to the expansion of high- and low-wage jobs, while the average jobs
contract.
The UN notes that frontier technologies are being used to provide services through
digital platforms that have created a “small contract economy” . Some of this work is
local, but there is also cloud work that can be done anywhere over the network.
While the small contract economy creates jobs, it often thrives in insecurity, creating
a precarious class. Inequality increases if these jobs replace higher-paying jobs or
full-time jobs, or if benefits grow faster than wages. The small contract economy can
also accentuate gender inequality, as women often work for lower wages.
In the past, countries such as China, Mexico, Brazil, and Asian countries moved up
the income ladder by shifting labor and capital from agriculture to manufacturing and
services. The fear now is that the fourth industrial revolution will end these traditional
development processes.

A BALANCED OUTPUT
Support. There is no single recipe for developing countries to prepare for the arrival
of the new technological wave based on artificial intelligence, internet of things, big
data, blockchain, 5G, 3D printing, robotics, drones, etc. genome editing,
nanotechnology and photovoltaic solar energy. Everyone will need to prepare people
and businesses for a period of rapid change.
Progress. Developing countries face three main challenges in promoting equal
access to technologies. First, economic and social barriers, particularly in rural
areas. In addition, stable and high-speed internet connections are needed, but
almost half of the world's population still does not have any type of connection. Also,
the shortage of skills since in developing countries, basic knowledge is between 10
and 20 points lower than in developed countries.