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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: 0.197s | source
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lukev ◴[08 Apr 25 12:42 UTC] No.43621063[source]▶
Pix is super interesting. I have two questions to which Google wasn't able to provide quick answers:

1. Is there an easy way for a US resident to sign up for a Pix-enabled account (e.g. at a Brazilian bank?)

2. Can Pix be used easily for online payments?

If both are true, it seems like it could be used as a drop-in replacement to crypto for small-value transactions which are currently infeasible in the US due to transaction overhead and fees.

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1. guax ◴[08 Apr 25 12:49 UTC] No.43621141[source]▶
1. Yes and No. I assume Wise or another will offer this at some point with better conditions. A vendor called recarga pay offer this already but charges 4% on transactions. 2. yes, and it is used a lot.