Is Cash Going Away?

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In places like sweden or denmark, cash is going away very quickly. But i think that there are societies in which you basically don't need a cart. The mexican banking system, which serves only 30 % of the population, is amazingly profitable. It has much better margins than a european banking system or an american banking system. And it's alwhat cartilized e exactly. We ask the public to believe in democracy and capitalism, and then we don't even give them away to pay for net flicks.

Gifted young Argentines tend to leave home to “make it in America” and never look back, but after earning a degree from Harvard, writing a book about the Spanish Civil War, and living in the United States for 12 years, Pierpaolo Barbieri has returned to Argentina. And he’s bringing foreign capital and talented expats with him. Pierpaolo’s FinTech startup Ualá works to bring universal banking to a Latin American market in which huge swaths of the population are still stuck using cash for everything. By giving the working classes power over their own money, he hopes to produce greater prosperity and social mobility in his home country and beyond.

Pierpaolo joined Tyler to discuss why the Mexican banking system only serves 30 percent of Mexicans, which country will be the first to go cashless, the implications of a digital yuan, whether Miami will overtake São Paolo as the tech center of Latin America, how he hopes to make Ualá the Facebook of FinTech, Argentina’s bipolar fiscal policy, his transition from historian to startup founder, the novels of Michel Houellebecq, Nazi economic policy, why you can find amazing and cheap pasta in Argentina, why Jorge Luis Borges might be his favorite philosopher, the advice he’d give to his 18-year-old self, his friendship with Niall Ferguson, the political legacy of the Spanish Civil War, why he stopped sending emails from bed, and more.

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Recorded April 12th, 2021 Other ways to connect

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