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Brazil's government-run payments system has become dominant

(www.economist.com)
666 points jcartw | 3 comments | 08 Apr 25 10:59 UTC | HN request time: 2.644s | source
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seydor ◴[08 Apr 25 22:06 UTC] No.43626948[source]▶
.. meanwhile, the EU has been discussing about the Digital Euro for like 5 years
replies(1): >>43627528 #
1. hocuspocus ◴[08 Apr 25 23:40 UTC] No.43627528[source]▶
Pix isn't a CBDC.

The deployment of SCT inst is mostly complete and Wero (EPI) was launched in 3 countries already. Things take a bit more time when you need to push standards and regulations to 11/27/36 countries. Overall banking and payments in the EU/EEA are pretty advanced and evolving at a decent pace given the market size and number of entities involved, the PSD is world-class.

replies(1): >>43629318 #
2. seydor ◴[09 Apr 25 06:04 UTC] No.43629318[source]▶
but time is everything. Those are not consumer-facing solutions. Meanwhile everyone around me uses Revolut (a UK company)
replies(1): >>43630099 #
3. hocuspocus ◴[09 Apr 25 08:39 UTC] No.43630099[source]▶
Instant transfers and mobile wallets are very much customer facing. Revolut already supports the former and will probably add the latter at some point as it did with BLIK in Poland.