For instance, the SoftBank Miami Initiative is a $100 million fund committed to supporting tech start-ups in Miami. Meanwhile, JPMorgan Chase, Aīre Ventures, the Miami Foundation, The John S., and James L. Knight announced on Monday an initiative called Tech Equity Miami where they’ll deploy $100 million to lower the entry price to technology.
Banks aren’t providing a “big yield” for their customers, he noted. And when factoring in inflation, money sitting in a bank is losing its value.
“People are going to have more democratized investment opportunities because it’s very easy to download an app and get going, even though you may be underbanked or unbanked,” Suarez said. “And then I think it’s going to make it hard for communist countries to control currencies and control people through their currencies.”
