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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: 0s | source
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afarah1 ◴[08 Apr 25 11:57 UTC] No.43620640[source]▶
WhatsApp is omnipresent for communication in Brazil, and WhatsApp Pay was ready before Pix, but the government blocked the launch to launch Pix first.[1] I rarely see this mentioned.

[1] https://www.reuters.com/article/technology/brazil-suspends-w...

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jowea ◴[08 Apr 25 12:05 UTC] No.43620718[source]▶
Well I'm thanking the government for saving us from yet another Facebook monopoly thorough first mover advantage and network effects.
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carlosjobim ◴[08 Apr 25 13:56 UTC] No.43621843[source]▶
Good to hear your words loyalty and patriotism, dear citizen! I will contact your local commissar and make sure he increases your social credit score by 5 points.

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.

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1. postsantum ◴[09 Apr 25 01:23 UTC] No.43628044[source]▶
Literally 1984. Literally!

Meanwhile in reality: soory, out services are not available anymore because your goverment did a hecking bad thing and we don't like it. And we are taking the rest of your money btw