Profile

Location

Madrid

Member since

2019

Carlos Santaella

CEO at FIDE PBC Europe

Posts: 0 Comments: 4

Career History Merchandising,Trading , IT , Payments

Carlos is Commenting on

MPs warn of danger to cash as ATM withdrawals plummet

"You can take the horse to the river, but you can't force the horse to drink water from the river"

26 May 2020 Reply Read article

Fed governor warns of 'core' regulatory challenges facing Libra

It's clear to me that the massive political volatility that the US dollar inflicts on world trade's GDPs (specially nowadays), creating extensive currency swings and losses to heavily export trading dependent countries - like India and Germany- is asking/demanding for the introduction of a counter balance tool to the hegemonic political forces of the US dollar. Hence, I can see more chances for central bankers to launch their own digital-currencies down the road, pegged to FIAT notes, maybe even utilizing RTP channels and or DLT newly developed pipes. Nevertheless, it is pristine clear what Governor Brainard's is saying about the side-effects of massively launching a stablecoin currencies -as LIBRA- without the proper vetting of the entities controlling and regulating our global, heavily inter-connected, financial system. Also it is now more clearly for me why financial non-banking global behemoths, like VISA, MasterCard and PayPal initially supported this extremely "bold" concept from Facebook. If Governor Brainard’s statements are true (and I agreed completely with her assessments), then, it seems than these large payment players were betting to benefit from the potential diminishing role of private and central bankers because of LIBRA expansion, and where its backers where going to harvest the benefits of replacing these millennial institutions with their own digital portfolios. Something else was baffling me from the very beginning of LIBRA, why only American base companies where backing this global initiative? Where were the Europeans and or Asians?

17 Oct 2019 Reply Read article

Banks fear Big Tech competition in booming non-cash payments market

1) Facebook, Google, Apple and Amazon all US base corporations. Where are the EU or Asians players ? 2) Banks just received a temporary "break "for PSD2-APIs implementation; so either banks learn to evolve / adapt or simply partnership or they will be diminished greatly. Another 18 months are ticking.

17 Sep 2019 Reply Read article

Tensions surface between Facebook and Libra backers over regulatory pushback

The answer to LIBRA from non US Central Bankers: SHC -Synthetic Hegemonic Currency-

26 Aug 2019 Reply Read article