# Biometric Data, Cash Payments and Banking Risks

- Original post: https://www.twitter.com/i/status/2119865582086750351
- Source account: [@observapy](https://x.com/observapy)
- Source language: Spanish
- Target language: English
- Duration: 1:59
- Published: 2026-11-10
- Machine translated. Check the original before quoting.
- Canonical URL: https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks
- Original-language version: https://www.translate.mom/transcript/BkWvIUhApQCX/es/datos-biom%C3%A9tricos-pagos-en-efectivo-y-riesgos-bancarios.md

## Transcript

[0:00](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks) Today, so many people congratulated me, not because I was coming here, no.

[0:02](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=2) They told me, "Jorge is a big shot, how did you realize that this wasn't a business, that it wasn't going to work?"

[0:08](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=8) I told him, "Simple," I said. "Your business isn't banking," I said.

[0:11](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=11) Your business is to capture millions of people's biometric data to build a database of the country and then do business with the non-banking database.

[0:21](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=21) Those people weren't bankers. For God's sake, they weren't bankers, they were people managing a database.

[0:28](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=28) How is that possible? Article thirty-nine of the Consti— of Law 489.

[0:34](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=34) The guaraní is what has the power to discharge a debt, cash.

[0:38](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=38) You couldn't pay at the expo unless you used their face-scanning system.

[0:42](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=42) And I told my daughter, who was working at a company: "I'm not leaving," I told her.

[0:47](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=47) “I’m not going to show these people my face,” I told him. “I’m not going to show it,” I told him.

[0:51](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=51) And I didn’t go to the expo because I couldn’t show them my face so they could get my database.

[0:55](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=55) The thing is, they already have it because there are the Paseo La Galería, where I usually go to a notary’s office sometimes.

[0:59](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=59) Well, that’s that, and with this I’ll wrap up my part.

[1:03](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=63) Sir, the concept of risk is much more complex today than we imagine.

[1:10](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=70) This is much more serious and complex than we can imagine.

[1:15](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=75) It requires a lot of talent from people who know about computers, who know about data, and so on, and it goes beyond the Central Bank.

[1:23](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=83) This is going to the government, it has to be careful where it puts its money.

[1:27](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=87) We’re talking about entities that should have had top-level advisers.

[1:31](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=91) No, don’t—don’t go saying: “What? I, I thought the bank was fine.” No, no, no.

[1:35](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=95) You can't say that after it's already deferred six hundred million dollars.

[1:39](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=99) You can't say that bank was fine. That's the point we need to be aware of to be responsible.

[1:46](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=106) Don't worry, you are absolutely not involved in any decision I make to give myself the privilege of being president of the Central Bank.

[1:55](https://www.translate.mom/transcript/BkWvIUhApQCX/en/biometric-data-cash-payments-and-banking-risks?t=115) I won't—I absolve you completely of that decision.