Discover how emerging markets are leading the digital payment revolution, with Brazil's PIX and India's UPI showing the way forward. This fascinating episode reveals how an early electronic trading initiative at Merrill Lynch unexpectedly influenced the 2008 financial crisis, while highlighting the urgent need for modernized payment systems in today's tokenized world.
The discussion explores how innovative payment solutions like M-PESA in Africa and rising fintech stars like Nubank and Revolut are challenging traditional banking strongholds. With Ernst & Young's recent adoption of PayPal's Paxos stablecoin, we're witnessing a shift toward faster, more user-friendly payment systems that leverage mobile numbers, email, and digital wallets.
Are London and New York's days as undisputed financial capitals numbered? Listen to this eye-opening episode to understand how emerging markets are reshaping the future of global finance and why traditional institutions must adapt or risk becoming obsolete.
🎧 **Ready to understand the future of money? Tune in now to hear the full story!**
Chapters:
00:00:00 - Back on the Air After Years
00:00:47 - Upgrading Payment Systems: PIX, UPI, and Lessons from Brazil
00:02:31 - Becoming an Electronic Trading Partner
00:03:32 - The Fall of Banking Giants
00:04:01 - The Financial Crisis and the Need for Payment System Reform
00:05:40 - The Rise of Digital Currencies and Stablecoins
00:06:38 - Enabling Seamless Payments for the Masses
00:08:59 - The Rise of Non-Bank Stablecoins and Fintech Disruption
00:11:02 - Discussing Blockchain and Digital Assets
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