←back to thread

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: 0.254s | source
Show context
coliveira ◴[08 Apr 25 11:47 UTC] No.43620574[source]▶
Yes, now in Brazil you can hardly find anyone not using Pix. It is all digital and free. Even in Argentina and Paraguay, many local merchants are now accepting Pix.
replies(2): >>43620625 #>>43623216 #
dguest ◴[08 Apr 25 11:55 UTC] No.43620625[source]▶
Is there anything preventing a merchant in e.g. the US from using Pix?
replies(2): >>43620775 #>>43620876 #
1. souenzzo ◴[08 Apr 25 12:23 UTC] No.43620876[source]▶
With BRICS, other currencies may be integrated.

China also have a pix-like wechat Russia has a pix-like "BRICS Pay"

And those systems can be integrated.

PIX QRCode protocol already have a "currency" field, that currently only support the constant value of "BRL"

USA probably will continue to use check and printed money like the ancients do.