Nomad Director: Why Your Bank Transfer Takes 4 Days (And Why Brazil's Takes Seconds)

Nominate your company for The BeInCrypto Institutional 100: https://awards.beincrypto.com ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ What if the country most people associate with financial instability is actually years ahead of the US and UK in financial technology? Pedro Barreiro is the Director of Banking at Nomad, the Brazilian neobank that was the first company to give Brazilians seamless access to the US banking system and US capital markets from a single app in Portuguese. He has spent his career at the intersection of traditional finance and fintech in Latin America and in this conversation he gives one of the most honest and detailed breakdowns of where Brazil's financial system actually stands today and where it is heading. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ He explains: ◼️ Why Brazilians distrust the government but deeply trust their financial institutions and why that distinction matters ◼️ Why PIX is so good that Brazilians become spoiled and cannot understand why an ACH transfer takes four days in the US ◼️ What Drex actually is, how it works on a permissioned blockchain and why customers will barely notice the difference ◼️ Why tokenization of financial assets is the natural next step after Drex and what that unlocks for everyday investors ◼️ Why selling one tokenized asset to buy another could eliminate capital gains tax entirely ◼️ Why BlackRock, Fidelity and NASDAQ moving into tokenization solves the trust problem overnight ◼️ How Nomad gave Brazilians access to US stocks and banking without needing to speak English or deal with a US broker ◼️ Why Nomad is building its entire next 10 years of infrastructure on-chain ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Follow Pedro: LinkedIn — https://din.com/in/pedrobarreiro Follow Nomad: Website — https://nomadglobal.com X — https://x.com/nomadglobal ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔗 More from BeInCrypto: 👉 Subscribe: https://www.youtube.com/@Beincrypto 👉 BeInCrypto: https://beincrypto.com 👉 X / Twitter: https://twitter.com/beincrypto 👉 Telegram: https://t.me/+U8DQNp4b8Gw3YmZi ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ [00:00] Intro [01:00] Why Brazilians Distrust Government [03:00] How Neobanks Broke In [05:00] Why PIX Changed Everything [07:00] What Is Drex? [09:00] Permissioned Blockchain Explained [11:00] Will Brazilians Notice Drex? [13:00] Is Brazil Ahead Of The US? [14:00] What Comes After Drex [17:00] How Nomad Uses Blockchain [19:00] Why US Payment Rails Are Behind [21:00] How Tokenization Could Eliminate Tax [23:00] Why BlackRock Solves The Trust Problem [24:00] What Makes Nomad Different ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ #Nomad #NomadBrazil #Drex #PIX #Tokenization