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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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Poli
@poliberber.eth
Hi! I’m born and raised in Mexico city and my dad was a street vendor for a while. Basically it is strategy for not paying taxes, the federal government agency checks all your accounts in order to make you pay a lot of taxes and many people rather just use cash for not to have registrer.
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Poli
@poliberber.eth
Also mexican economy is really diverse. Many people are not internet savy and have access to a really basic phone. Our economy has been changing since Covid happened and finally accepting other forms of payment. Mercado pago is growing big here. I’ve tried to use vemo here or cash app but are not allowed in Mexico.
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