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Brazil's government-run payments system has become dominant

(www.economist.com)
666 points jcartw | 2 comments | 08 Apr 25 10:59 UTC | HN request time: 0.432s | 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. gloomyday ◴[08 Apr 25 19:34 UTC] No.43625649[source]▶
That is such an inane opinion by the author. I wonder if he/she knows central banks can literally print money. Helping to move it around is nothing, and benefits everyone.
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2. bjackman ◴[08 Apr 25 21:47 UTC] No.43626794[source]▶
It's the Economist, this kinda thing is just their weird party line