Pierpaolo Barbieri: evaluation

Transcript context

…And it’s almost cartelized, right? Exactly. The same in Argentina and the same in Brazil, where another company like Nubank is triumphing. What we see is a Latin America where we need a lot of people to provide those services so then we can build a credit history, and we can insert some competition into a system that had been kept for very few people by a few people. I always say the same thing. We ask the public to believe in democracy and capitalism, and then we don’t even give them a way to pay for Netflix. It’s a very inherently unequal situation. When we launched Ualá in Argentina, people used to sell Netflix subscriptions on our eBay, which is Mercado Libre. That’s outrageous because Netflix prices their services to be freely available to anyone in these geographies for $4 or $5 a month, and yet they couldn’t access it because they didn’t have a payment mechanism. The payment mechanism opens the door to a credit history, to savings funds, to insurance, to making all those financial services that are readily available in the developed world, in the developing world that are really an interesting cost structure. What factor will determine whether or not crypto outcompetes you?…

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