1d ago

Brazil rallies to defend Pix payment system from Trump’s attack - US President says Pix unfairly discriminates against american companies

Client Challenge

Source: Financial Times

9 comments

How dare Brazil build out infrastructure that’s not controlled extractively from the US!
Won't someone think of the poor American credit card companies?
Does Brazil and the USA have some sort of deal that would stop Brazil from favouring Brazilian businesses? If not, get fucked. If so, get fucked anyways.
- That would be the WTO membership agreement.
  PIX does not violate it. But even if it did, like any other country on Earth, Brazil has an endless list of US violations that it could claim it's remediating.
discriminates
… by being better for everyone involved. smh
I wish Europe had its own payment system (that’s widely accepted). There are a few, but tend to be only at a national level.
- Isn’t Wero being rolled out to more countries?
  
  Wow, I had to look that one up. Had never heard of it.
  This looks promising. I’m in Ireland - we’re always the last to get these (too small a country!)
  One to keep an eye on - thanks for that.
Archive version, no paywall

9 comments