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Brazil's government-run payments system has become dominant

(www.economist.com)
666 points jcartw | 1 comments | 08 Apr 25 10:59 UTC | HN request time: 0.2s | source
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bestouff ◴[08 Apr 25 11:47 UTC] No.43620573[source]▶
> Pix has spiced up Brazil’s fusty banking sector, but it gives the central bank a worrying amount of power

I think a largely prefer a government-run payment system than an US company monopoly.

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1. rafaquintanilha ◴[08 Apr 25 12:22 UTC] No.43620865[source]▶
It's funny but also worrying how much Americans underestimate the impact a centralized government can have on people's lives. That probably means that eventually it will happen there.

A centralized – often socialist – government is the _definition_ of monopoly, you can't escape from it without risking jail or worse. No U.S. monopoly, no matter how much you hate it, will get close to this, and you think it does, you are sincerely naive at least.