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My First Steps in a Fintech Journey

Ever wondered how opaque Latin American financial markets are? Especially for the parallel ones. Mysterious and ever-changing, unstable and almost with own personality. The opaqueness I’m referring to is mostly about how rates in currency pairs seem to change a lot and how people tend to interpret these at their convenience.

I’m no economic analyst nor I have an Economics degree, I’m more like an economics hobbyist with some tech skills with intentions to launch a SaaS in this space. I’m always in need of a technical challenge and I believe this one is my size. As a business challenge I have a lot to learn, but I’m looking forward to it.

From a purely technical perspective, I’ve started tracking -since early January 2021- movements of the USDVES currency pairs and I may soon capture other troubled markets as well, such as USDARS.

I’ve done this in the past, but I stopped because I lost interest in it since it was a directionless hobby. What’s different is that now I have a clear vision of what a SaaS of this kind should look like, both for individuals and corporations with several use cases as economic actors in troubled markets.

So my commitment in public for today is to have released a mobile app by September 30, 2021. This specific mobile app idea has been my side-business commitment since late March, but I think it’s beneficial for us all if I make public to some degree my journey.

Tech stack for this endeavor:

  • Flutter, I initially will only release for Android.
  • Server-side API: NGINX/Gunicorn/Flask.
  • Database: MySQL.

I'm picking up all the knowledge I need from Pluralsight Skills (Affiliate link). It's a great source of technical knowledge, and one of the valuable features of the courses is the fact these are very comprehensive and well-designed.

For privacy reasons, I’m not releasing the app name nor the domain name, as I’ve not purchased it yet. It’s a premium one!

Until next time!

Update 2021-06-24: I've changed the commitment to develop a fully-featured API first. Reasons being: it's easier to leverage an existing API for both individuals-oriented and business-oriented solutions instead of trying to develop several codebases at the time. Also, I've finally purchased the domain name, so I'll most likely continue blogging about this business endeavor topic right there.

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