Three Problems Movo’s Digital Cash Is Solving (That Traditional Banks Aren’t) w/ Eric Solis


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By Elena Hassan. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

The term “disruption” doesn’t just get thrown around occasionally. “Disruption” gets thrown around incessantly — especially in tech, and, perhaps even more especially in fintech.

Let us introduce perhaps the one founder who is not actually trying to disrupt traditional banking.

Meet Eric Solis, a 3-time fintech founder, former SVP of investments for Merrill Lynch, former VP of Investments for Prudential Securities, a full stack entrepreneur with educational credits in bitcoin, AI, and business from MIT, Oxford, and Stanford.

Eric came on the Payments Innovation podcast to share about his latest creation — MovoCash, and how he’s using it to solve problems for the underbanked, without disrupting traditional banking.

What we talked about:

  • What is MovoCash
  • Eric says they solve 3 problems traditional banks couldn’t:
    • 1) Guaranteed payment
    • 2) Getting money off the ledger
    • 3) Preventing fraud & creating denominations
  • Eric’s not actually out to disrupt the banks

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Until next time!

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