Hi everyone, I'm Safia Vasquez, co-founder and CEO of Pw Wallet. This amount of money that I have in my hand is the equivalent of $1,000 in Argentinian pesos, or at least it was 10 years ago. And let's say that I put my money in my PE bank. And after 10 years, I want to check how much money I have left. And I realize that I have the equivalent of only $9 left.
So this is how bad inflation it is. And this just useless. So that's why we are building PE. PE is a self-custodial family app that turns fragile local currency like pesos into digital dollars. And kids can learn how to handle money from a really young age with parental control.
Kids learn how to earn, save and grow their money from the start. So unlike neo banks that they are really limited by local licenses, we are not. Thanks to our account abraction and self-custody technology, we can go global from day one. We are going to start in Latin Latin America because 90% of crypto users are already relying on stable coins because we need this to survive our economy. Also, we already launched our private beta 3 weeks ago with more than 150 families.
And today, we're launching our mini app on base. And in two days we're going to be launching P with one of the biggest FinTex from Latin America that I cannot say the name yet but is going to be huge. So this is not just a wallet for us. This is the bridge between financial freedom and financial education for the next generation. Thank you so much.
We are starting our preet really soon. Thank you.
Automatic transcript — names and jargon may be misspelled.