New sanctions · Sept 30, 2026What changed, and how QvaPay keeps the lawful lanes open →
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Essay · techno-optimists

Bigger Problems, Bigger Impact

From Cleary Gottlieb to Mexico City, Uphold, Airtm, and QvaPay: every time something I built was thriving, I left for a bigger problem to solve.

Tim Parsa · Co-Founder & CCO, QvaPay · 10 October 2026 · 4 min read Subscribe

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Bigger Problems, Bigger Impact

All my life, the people closest to me told me to play it safe. My mother was working class and my father was an immigrant, and they taught me to work as hard as I could toward the most prestigious goal in sight: the best school, the best firm, the best title. It was good advice for the world they knew.

The problem with prestige is that it looks backward: it mostly measures what impressed people in the past. Paul Graham points the other way in Frighteningly Ambitious Startup Ideas ↗: the biggest ideas look too big to take on, and that is exactly what makes them worth pursuing. I wanted to build the future and solve problems I cared about, not ones other people had already ranked.

Every time it was working, I left

  1. Cleary Gottlieb. I made it to one of the most prestigious law firms in the world, exactly where I was supposed to be. Then I left.
  2. Mexico City, 2000. I went to work for Ricardo Salinas, one of Mexico’s richest men, who years later became the largest investor in Bitreserve, now Uphold. For 13 years I built startups for Grupo Salinas, including Todito Cash ↗, Mexico’s first digital peso platform. I co-founded Todito with Guillermo Salinas Pliego and conceived Todito Cash.
  3. Uphold, 2013. I left Mexico City to build on my own, with no net: Bitreserve, later Uphold, co-founded with JP Thieriot.
  4. Airtm. Once Uphold was established and growing, I left to focus on Airtm, the peer dollar network we had launched on Uphold’s API.
  5. QvaPay. Once Airtm was thriving on its own, I left to focus on QvaPay and Cuba.

Each time, I left once the thing was established, funded, and running without me. Not the safest move. The one with the bigger impact.

Backstory · The bigger problem

I feel most alive at the edge: not resting on what worked, not in the safest seat, but on the biggest opportunity I can take on to create wealth for myself and others with technology. Prestige rewards having arrived. Building rewards going.

What arrives from the United States
The strongest currencyDollars for people the prestigious institutions never served.
Delivered on blockchain railsRails built by founders who left safe jobs to build them.
Built-in complianceCompliance written by a lawyer who left the law firm to build it.
A P2P forex marketA peer market run by Cuba’s own risk-takers, each earning a spread.

Cuba has millions of talented people who were told to wait for permission. QvaPay is built for the ones who stopped waiting. It is the biggest horizon I have found yet: 9.4 million people, next door to the largest economy on earth, with money flows that could grow to the size of the Dominican Republic’s and beyond.

Fund flows in this post

Every flow here starts with someone who took the risk: a founder abroad, a Cuban independent professional, a peer trading on their own account.

FlowHow we grow itU.S. tech meets Cuban talent
Payments to digital entrepreneurs
Permitted for U.S. clients · §515.582, §515.340(b) · the freelancer's balance in Cuba: pending with OFAC
When OFAC answers, we market to Cuban freelancers and their U.S. clients.Cuban coders, designers, and writers sell their skills to the world.
P2P forex
Pending with OFAC · no authorization asserted
SkyMind matches orders and more screened traders join.Every trader is a small business: Cubans earn a spread connecting dollars and pesos.
Remittances
Permitted · 31 CFR §515.570 (U.S. senders)
Marketing by use case to the diaspora in Miami and beyond; every sender and recipient screened.Diaspora dollars become working capital for families and the private businesses they start.

The potential. Remittances into Cuba run an estimated $1.1–2B a year (2024; estimates vary). At the Dominican Republic’s rate per person, Cuba would receive about $9.8B, five to nine times today. That is the market QvaPay is built to serve.

How big this flow can get · a year
MarketCuba todayCuba at the Dominican Republic’s rate per person
Remittances received$1.1–2B
2024 est., estimates vary
$9.8B
DR total $11.9B (2025)

A scenario, not a forecast. The Dominican Republic received $11.9B in remittances in 2025 across 11.4 million people, about $1,040 a person; at that rate Cuba’s 9.43 million people would receive about $9.8B a year, five to nine times today. Method and sources.

Expert view · Ric Herrero and John McIntire, Americas Quarterly

Cuba’s private sector is neither a boom nor a mirage: a large, growing class of entrepreneurs operating outside the state, fragile but real, that U.S. policy should engage directly. On cubanew.com ↗

Sources

  1. Paul Graham, "Frighteningly Ambitious Startup Ideas", March 2012 ↗
  2. Cleary Gottlieb Steen & Hamilton ↗
  3. Expansión, Todito Cash wallet and its fintech license, May 2022 ↗
  4. Bitcoin Magazine, Bitreserve partners with Mexican billionaire Ricardo Salinas Pliego, its largest investor, March 2015 ↗
  5. Uphold ↗
  6. Airtm ↗
  7. Tim Parsa, "I Build Money Bridges", 16 March 2020 ↗
  8. QvaPay, AML/BSA program and transparency page ↗
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