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Podcast: Cambrian Explosion
Episode: Episode 4: Should we bank this?
Description: We discuss the UBI.
We compare it to other solutions developed for banking the unbanked in south asia.
We talk about what we can learn and apply for the western banking system.
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Show Notes:
https://www.nytimes.com/2023/03/01/business/india-digital-payments-upi.html?smtyp=cur&smid=tw-nytimes
You can instantly pay a roadside vendor for a Rs. 10 cup of tea using a free government-provided phone app just by scanning a QR code. This is revolutionizing commerce in India–both online and offline.
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