Conversations with Tyler

Pierpaolo Barbieri on Latin American FinTech

May 19, 2021
Pierpaolo Barbieri, the CEO and founder of Ualá and former Harvard student, shares his passion for transforming Latin America's financial landscape. He discusses how Ualá aims to empower those reliant on cash by providing universal banking solutions. Topics include the challenges of Mexico's banking system, the potential for Argentina to go cashless, and the vibrant tech ecosystem in Latin America, with São Paulo and Miami as contenders for the tech hub crown. Barbieri also reflects on his transition from historian to entrepreneur, weaving in cultural insights and personal anecdotes.
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INSIGHT

Digital Yuan Threat

  • China's digital yuan threatens the US dollar's global dominance.
  • This new protocol could erode the dollar's century-long supremacy by facilitating international transfers and trade.
INSIGHT

Controlled Capital

  • China's digital yuan offers selective control over capital movement.
  • This allows controlled external transfers and bilateral trade with state-approved entities.
INSIGHT

SWIFT's Inefficiency

  • SWIFT is expensive and inefficient, creating an opportunity for digital currencies.
  • Digital currencies offer lower transaction costs and faster transfers, appealing to firms and governments.
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