this post was submitted on 16 Jul 2025
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If the US used something like pix, MasterCard, visa, etc, wouldn't have any power to do this, but they want to make Brazil delete pix from existence. Interesting.
Edit: grammar
But how could the poor little multi billon dollar multinational companies keep thier bully monopolies if they have competent competition /sarcasm/
The central bank facilitating electronic cash flow makes so much more sense than letting random foreign corporations siphon billions in profit they clearly don't deserve in the slightest from your economy.
Good on Brazil for breaking free. There's finally been some push here in the EU for EPI/Wero, but progress has been frigid and online payment processing remains extremely fragmented to the point that if I buy something online outside the Benelux with a small vendor, chances are very high I will have to fall back to an American payment processor, which is insane.
I wish I could use that as an American. I trust Brazil more than I trust America