, 4 tweets, 2 min read Read on Twitter
If you are building for the unbanked, try to live as an unbanked for a while

If you are building for emerging market, try to live there and mingle with the locals

👇🏻is the 3rd tallest building (Torre de David) in Caracas, Venezuela. Now becomes the tallest slum in the world
I will spend significant time in South East Asia in 2019 where only 27% of the people there are banked

My next two stops in SEA will be Vietnam 🇻🇳 (~20%) and Philippines 🇵🇭 (~27%).

only after these trips I can tell the merit of “build for the unbanked” thesis
Haven’t been to Venezuela 🇻🇪 yet m doing research on the most effective way of doing local due diligence and found the “tallest slum” above.

SEA would works easier for me as a decent part of population there can speak Mandarin/Cantonese so can get first hand info in depth
This is a popular local equivalent of cab 🚕 I took at in rural Thailand, the stickers/meme on it reflects how western culture has “eroded” them 🤣🤣

US dollar bill 💵 has much worse utility there than Singapore dollar bill. Liquidity of currency tends to regionally centralized
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