So cool our conversation made it into your newsletter, it was definitely an interesting one.
Here in Colombia I've met a lot of people who are unbanked and the only way to conduct business with them is via cash, due to them not trusting neither our government or our financial institutions, in the process they lose the benefits that a financial institution can have on their business by means of supporting them with capital that will allow growth for example, but as another commentator stated below, beyond mistrust there is also the issue of banks not liking poor people and always denying them credits and such. It really is a complex issue.
On the other hand, the Colombian government opened its stock market to anyone willing to invest in it without the need of an stock broker and through an app that also offers a series of free online courses so anyone can invest in Colombian companies and make money starting with small capital.
Aside from what you said in your article, this is a good example of how you can empower people to improve their financial situation using technology.
Check out an app called Trii or their IG account @somostrii for more details on this.
It was only a small part of our conversation, but an important part!
Interesting. I know a lot of businesses only or mostly use cash because of distrust, and that's completely understandable. What I like about cryptocurrency is that exchanges do not include a trusted third party. Some people actually refer to crypto exchanges as "trustless" exchanges. I know that the world is just waking up to this new technology, but I have a feeling it may catch on in places where trust is an issue. And maybe that's just wishful thinking. Who knows? I think the root of the issue is that trust is the issue.
This point about what the Colombian government has done by opening it doors to investors at any level is a great example of widening both access and education. It sounds like a step in the right direction!
I just followed that account on IG! I am excited to look into what they have going on.
Some time ago, a professor in one of my classes played a recording of a man with a Spanish accent who was taking the role of a ‘villain.’ The professor said that this was proof of racism. I asked that since the supposed villain was also a man, and since most antagonists/villains/etc in media were men, if this were not proof of misandry. On another occasion, I posted pictures of people with their kids - someone commented that it was ‘just a bunch of white kids.’ I mentioned that my friend from Cameroon had just sent me a bunch of pictures of his kids, and if it would be okay to say ‘just a bunch of black kids.’ I guess if black people enjoyed a more favorable economic position, it’ll be necessary to say something like “Predominantly middle and upper class often times black people.”
We've had conversations about this, and you always bring up good points on this topic. The point you make in the last sentence is likely true, but it is more important to we more adequately acknowledge the factors that have led to discrimination in the past. My original statement did not do that very well.
Acknowledging past discrimination seems to be taking a turn for the worst - when I was in NY in 2013, two women stood in front of me and had a discussion about how disgusting white men are and how they would never allow their girls to marry a white man
Yes. There's way too much of that and your experience in 2013 isn't surprising to me. Odd that people think that hate and discrimination will help to overcome hate and discrimination.
So cool our conversation made it into your newsletter, it was definitely an interesting one.
Here in Colombia I've met a lot of people who are unbanked and the only way to conduct business with them is via cash, due to them not trusting neither our government or our financial institutions, in the process they lose the benefits that a financial institution can have on their business by means of supporting them with capital that will allow growth for example, but as another commentator stated below, beyond mistrust there is also the issue of banks not liking poor people and always denying them credits and such. It really is a complex issue.
On the other hand, the Colombian government opened its stock market to anyone willing to invest in it without the need of an stock broker and through an app that also offers a series of free online courses so anyone can invest in Colombian companies and make money starting with small capital.
Aside from what you said in your article, this is a good example of how you can empower people to improve their financial situation using technology.
Check out an app called Trii or their IG account @somostrii for more details on this.
It was only a small part of our conversation, but an important part!
Interesting. I know a lot of businesses only or mostly use cash because of distrust, and that's completely understandable. What I like about cryptocurrency is that exchanges do not include a trusted third party. Some people actually refer to crypto exchanges as "trustless" exchanges. I know that the world is just waking up to this new technology, but I have a feeling it may catch on in places where trust is an issue. And maybe that's just wishful thinking. Who knows? I think the root of the issue is that trust is the issue.
This point about what the Colombian government has done by opening it doors to investors at any level is a great example of widening both access and education. It sounds like a step in the right direction!
I just followed that account on IG! I am excited to look into what they have going on.
Gracias por compartir :)
Financial institutions are not keen to help poor people even if they are white
Very good point - lack of clarity on my part there. "Predominantly middle and upper class often times white people"
Some time ago, a professor in one of my classes played a recording of a man with a Spanish accent who was taking the role of a ‘villain.’ The professor said that this was proof of racism. I asked that since the supposed villain was also a man, and since most antagonists/villains/etc in media were men, if this were not proof of misandry. On another occasion, I posted pictures of people with their kids - someone commented that it was ‘just a bunch of white kids.’ I mentioned that my friend from Cameroon had just sent me a bunch of pictures of his kids, and if it would be okay to say ‘just a bunch of black kids.’ I guess if black people enjoyed a more favorable economic position, it’ll be necessary to say something like “Predominantly middle and upper class often times black people.”
We've had conversations about this, and you always bring up good points on this topic. The point you make in the last sentence is likely true, but it is more important to we more adequately acknowledge the factors that have led to discrimination in the past. My original statement did not do that very well.
Acknowledging past discrimination seems to be taking a turn for the worst - when I was in NY in 2013, two women stood in front of me and had a discussion about how disgusting white men are and how they would never allow their girls to marry a white man
Yes. There's way too much of that and your experience in 2013 isn't surprising to me. Odd that people think that hate and discrimination will help to overcome hate and discrimination.
I understand - but, I’m worried about the future and think that entitlement is far more complex than race/gender
Agreed.