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ted (not lasso)
@ted
in mexico city for a friendmergency and it’s crazy to me how the street vendors only accept cash anybody know why? in venice beach + the US, they accept venmo or cashapp in rio + são paolo, EVERYBODY uses Pix — from street vendors to big brands big opp for blockchain-based P2P payments bc no web2 competition
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Jorge
@gnarlyjorge
I lived a good amount of my life in Mexico and traveled a lot within it as well but haven't really thought about this too deeply. Something that is clear is the pure lack of banking infrastructure in general. A lot of people pay everything in cash, from utility bills to property taxes. Social class has a to do with it.
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Jorge
@gnarlyjorge
Taxes have a lot to do with it and there are no limits as to where you can use cash. As I'm casting this a lot of more questions related to the topic come to mind... Once onboarding is right, Mexico will adopt faster than others, I think.
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