Pablo Soria de Lachica

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Pablo Soria de Lachica on What Sets Ethereum Apart in Crypto Space

Even those who are not familiar with blockchain are likely to have heard about Bitcoin, the payment system that uses the technology, after its stratospheric rise in value in 2017. In February 2018, Bitcoin was the most valuable cryptocurrency with a total value of $143 billion USD. Behind that was Ethereum, an up-and-coming cryptocurrency that many experts are predicting will overtake Bitcoin in 2018, at $88 billion USD. Mexico’s Pablo Soria de Lachica, an internationally recognized foreign exchange analyst, explains Ethereum’s benefits that set it apart from its competitors within the crypto sector. To begin, Pablo Soria de Lachica explained that Ethereum is an open source public service that uses blockchain technology to facilitate smart contracts and cryptocurrency trading securely and without a third party. While there are many similarities among virtual currencies, proponents of Ethereum believe its main advantage is that it allows individuals and companies to do much more than just transfer money between entities. In early March, Bloomberg called…


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Pablo Soria de Lachica – on the Potential of Ethereum to Become Top Cryptocurrency

As the first cryptocurrency, Bitcoin heralded the most exciting period for technology since the creation of the internet. However, in the nine years since it exploded onto the global financial scene, the original crypto coin has, in a way, become a victim of its own success. Its meteoric rise sparked the emergence of over a thousand cryptocurrencies, triggered an investor frenzy, and raised a red flag for regulators. Among the multitude of digital coins vying for attention, only a handful stand out and appear destined for longevity. While none of them is currently close to Bitcoin in terms of market capitalization, industry participants and investors have already spotted gaps in the cryptocurrency’s armor. At the same time, another digital coin has kept gaining prominence, consistently proving its worth beyond purely monetary value. Ethereum (ETH), which arrived almost five years after Bitcoin, has become far more than the second-largest cryptocurrency by market capitalization. It is also…


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Pablo Soria de Lachica Comments on Growing Ethereum Support by Governments Worldwide

The appeal of blockchain technology extends beyond cryptocurrency. Currently, it is being explored by governments around the world for applications ranging from e-residency to Internet of Things devices. Increased efficiency and security are the major reasons national administrations are considering the integration of blockchain technology in their operations, says Pablo Soria de Lachica. The distributed ledger is a digital record of transactions that is spread across peer-to-peer networks. Attempting to create unrealistic records is very difficult, since each “block” in the chain is encrypted. Also, because the blockchain is not found in a single location, it is nearly impossible to alter every single record on the ledger. If applied, citizens’ identities and transactions with the state will need less checks to ensure accuracy and security. The US Food and Drug Administration recently issued a formal notice to obtain information on the blockchain’s application for exchanging patient-level medical data in the United States Critical Illness and Injury Trails…


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Pablo Soria de Lachica Examines How Mexico is Set-Up for Innovation

With the 13th largest economy in the world (11th in terms of purchasing power and 10th most populous), Mexico sits abreast of the largest and most competitive international economic markets of our times. In 2017, the Mexican economy defied lackluster predictions for financial health by posting above average GDP growth. While much of this success was linked to trade, market analyst Pablo Soria de Lachica explains that structural reforms by the current administration have led to a freer private sector, open to dynamic business formations characterized by innovation and technology-driven enterprises. The Mexican government has steadily increased expenditures on research and experimental development,from 0.4% of GDP to 1% by 2018. This includes considerable investment in agencies such as CONACYT (Consejo Nacional de Ciencia y Tecnología-National Council for Science and Technology) who receive upwards of $2.2 billion annually, despite cutbacks to other sectors. A large portion of CONACYT funding is directed towards sustainable/renewable energy, health and green development. Pablo Soria de…


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Pablo Soria de Lachica – Summarizes the Recent Rise of the Mexican Peso

The aggressive monetary policy of the Bank of Mexico – raising benchmark interest rate to an 8 year high of 6.75% in May – has driven the peso to its top mark of 18.3345 on July 6 against the U.S. dollar. Pablo Soria de Lachica, world renowned broker, discusses the recent hike. As the North American Free Trade Agreement remained unchanged, the peso tore up the ranks becoming the world’s best performing major currency this year, and reestablished its 20% downtrend for USD/MXN. “The peso has had good momentum relative to other emerging currencies in recent months, and that could continue for some time longer,” said Morgan Harting, chief portfolio manager for all multi-asset income strategies at AllianceBernstein, a renowned asset management company, “And though it is no longer cheap, it also does not look expensive in terms of purchasing…


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Pablo Soria de Lachica Discusses Mexico/EU Trade Talks

In May 2016, Mexico and the European Union launched negotiations to modernize their Free Trade Agreement that entered into force in October 2000. When the third round of these talks happened in April in Brussels, both parties established the end of 2017 as the goal for a completion date. Since then, the two sides have met consistently every five to six weeks in an effort to finalize a deal. International trade expert Pablo Soria de Lachica recently discussed the motivation behind the renewed agreement and provided an updated outlook on the negotiations between Mexico and the European Union. “We want to send a clear signal to the world about the force of strengthening – not weakening – the rules that govern international trade,” EU Commissioner for Trade Cecilia Malmström said during a May visit to Mexico City. “This is an…


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Pablo Soria de Lachica – On Mexico’s Improving Business Confidence

The Mexican economy has been weathering significant fluctuations over the last several years. A great deal of financial uncertainty in the country followed the election of United States presidential elections in late 2016, contributing to a downturn that carried over into 2017. However, it now appears the nation’s economic climate is on the rebound for the long term. International businessman and foreign exchange expert Pablo Soria de Lachica highlights the factors behind the upward swing, and discusses the improving Business Confidence of the Mexican economy, which includes the retaining of current trade agreements, corporate investments, and lowering inflation rates.   The first quarter of 2017 signaled a decline for Mexico monetarily, with Business Confidence hitting a low mark of 43.53 in February — a stark contrast to September of 2016 when it reached 48.30. Since then, positive overtones from the…


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Pablo Soria de Lachica – Discusses Ways Mexico is Set-Up for Innovation

With the 13th largest economy in the world (11th in terms of purchasing power and 10th most populous), Mexico sits abreast of the largest and most competitive international economic markets of our times. In 2017, the Mexican economy defied lackluster predictions for financial health by posting above average GDP growth, demonstrating resilience in the face of unpopular and aggressive foreign policy tactics from the US Trump Administration to the North. While much of this success was linked to trade—Mexico holds 11 free trade agreements with 46 countries with a total value of imports/exports estimated around 73 percent of Gross Domestic Product, market analyst Pablo Soria de Lachica explains that structural reforms by the current administration have led to a freer private sector, open to dynamic business formations characterized by innovation and technology-driven enterprises. The Mexican government has steadily increased expenditures…


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Pablo Soria de Lachica Explains Mexico’s Start-up Boom

In Latin America, Mexico is experiencing a major move toward flourishing new businesses in technology, communications and other industries. Recent developments in innovation are bringing additional interest south of the border. Some of the cause for the emerging market continuing to invite a large number of new corporations can be attributed to generational and cultural shift from conventional financial and corporate practices. Pablo Soria de Lachica describes the reasons and potential results, as well as what expectations are for the coming year and into the future. Mexico is fast becoming the leader in Latin America, as a growing hub for the tech-industry. Last year more than $1 billion in investments bringing more than 70 new start-ups began changing the face of corporate culture in the country. For the first time in recorded history, they surpassed everywhere else in Latin America…


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Pablo Soria de Lachica Discusses the Steady Growth of Mexico’s Economy in Q1

Following the U.S. elections of 2016, the topic of Mexico has been front and center for the newly elected White House administration, revealing considerable uncertainty with respect to crafting concise policies. During his election campaign, U.S President Donald Trump promised to renegotiate the terms of the North American Free Trade Agreement and to reinforce an import tax on Mexican goods, all the while criticizing U.S. companies for shifting production to Mexico and posturing about building a border wall. Inevitably, fear of Mr. Trump’s trade restrictions and economic policies affected investment and consumer sentiments in Mexico, sending the peso to its weakest level on record against the U.S. dollar in January 2017. Pablo Soria de Lachica, acclaimed expert in international trade and foreign exchange, analyzes the steady growth of Mexico’s economy in the first quarter of 2017, despite the low expectations…