In this episode of "Our Two Cents," Hazel and Ivy interview Felipe Montes, CEO of Kravata, a Latin America-based crypto payment company. Felipe discusses the payment landscape in Colombia, highlighting the high percentage of unbanked individuals and the increasing use of digital wallets and stablecoins to hedge against currency depreciation. He explains how Kravata provides APIs for businesses to offer stablecoin-based services, including cross-border payments and virtual accounts, and addresses the competition from traditional payment systems by focusing on the informal cash market. The conversation covers regulatory challenges, the importance of local partnerships, and Felipe's insights for Chinese companies entering the Latin American market, emphasizing the need for understanding local dynamics and building trust with financial institutions.
