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Brazil's government-run payments system has become dominant

(www.economist.com)
667 points jcartw | 1 comments | 4/8/2025, 10:59:00 AM | HN request time: 0.344s | source
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lukev ◴[4/8/2025, 12:42:00 PM] 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. carlosjobim ◴[4/8/2025, 2:20:00 PM] No.43622106[source]▶

1. It is possible (Try PicPay), it is not easy, as you need to provide documents that can only be obtained through Brazilian bureaucracy.