[1] https://www.reuters.com/article/technology/brazil-suspends-w...
But we must also be realistic if we want to win against our eternal enemy Eastasia, and admit that Facebook coin would never be a monopoly because Visa, Mastercard and cash exist.
But seriously, it would still be a monopoly on the UPI-like segment. Visa and Mastercard charge fees that make them less attractive to some users and make it harder on some users. There are good reasons Pix replaced much of physical cash use that cards didn't. And Visa and Mastercard are also American companies. Don't they sell transaction data?
And meh, at least I can vote for my president, but not even the Facebook shareholders can vote Zuckerberg out IIRC. Although Zuck can't arrest me so I don't know.
While Pix is a very impressive system, they offer no benefit to the customer over credit/debit cards. Only benefits to the merchants. For inter-personal transactions it is great, and for micro businesses. But as soon as your business grows beyond that, you will want to accept card payments.
If Visa and Mastercard sell transaction data, can you point me to where I can purchase this data? Everybody is saying this is the case, but forgive me for having doubts. Is this what you are talking about? https://usa.visa.com/solutions/visa-commercial-data-solution...
From what I understand, they are selling data in the aggregate, not individual transactions.