FTX collapse won’t impact everyday use of crypto in Brazil: Transfero CEO By Cointelegraph

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FTX collapse won’t impact everyday use of crypto in Brazil: Transfero CEO

The crumbling of the FTX crypto empire may have damaged Brazilian retail and institutional sentiment toward crypto. However, its impact won’t affect everyday citizens — who will still use crypto for cross-border transactions.

Reflecting on the recent fall of FTX, Thiago César, the CEO of fiat on-ramp provider Transfero Group, said that the exchange’s fall, like in many countries around the world, has hurt confidence around centralized crypto exchanges and crypto in general.