Renato Rodríguez and Digital Economy during COVID-19 Crisis

Renato Rodríguez, businessman and crypto economy expert, has taken action to support populations affected by the coronavirus health crisis and small and medium-sized companies through a new project.

Due to the COVID-19 pandemic, governments have implemented very strict measures of social distancing and limited working hours. As a consequence, industrial production chains have stopped and global economies have been severely affected.

In the first two months of the year, industrial production in China fell 13.5%. According to the International Air Transport Association (IATA), the tourism sector estimates a loss of $ 13 billion due to travel restrictions and bans. In addition, the world’s main markets have suffered their worst performance since 2008, with a loss of U..S. $ 1.5 trillion in the value of global shares.

However, while the traditional economy is affected by job restrictions and an increase in the unemployment rate, the digital economy continues to innovate and generate new alternatives for different groups.

Within this area, Renato Rodríguez, an entrepreneur and economist who has dedicated himself for ten years to educate the population in crypto economics, digital currencies and technology issues, stands out.

During this crisis, he has decided to use his platforms to motivate people to acquire and transact with digital assets. This way, it’s possible to avoid the use of cash, which can be a focus of disease transmission, as well as direct contact between people when making payments.

In addition, it has developed integration programs so that more people can be part of the digital businesses thus promoting work from home and providing new employment opportunities for those who have been affected by the economic recession.

Finally, Rodríguez has decided to undertake and carry out a project dedicated to small and medium-sized companies in order to strengthen the markets that have been most affected during this crisis.

“The objective is to provide a tool for companies so that they can receive payments with crypto and automatically change it to the local currency. At that time, record the income and pay the necessary or required tax depending on the country,” he said.

Rodríguez’s purpose is to promote business growth because when migrating to digital platforms like this, they can enter the new market of digital assets and take advantage of the practicality of digital economy especially at times of economic instability.