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Pix, the Brazilian twint that defies the United States – RTS.CH

In addition,

Pix, brazilian twint defies united:

In Brazil, the Instant Pix payment system is very successful. In addition, It is now even more used than credit cards, allowing Brazil to turn away from American banking solutions. Nevertheless, Enough to Courrou Washington, which denounces “unfair practices”.

On the stalls of the Largo Do Machado market in Rio de Janeiro. For example. Furthermore, it has become common to see a poster with a QR code slipped between the fruits and the vegetables. However, Thanks to the PIX application, customers can pay for their purchases with one click via their smartphone. Furthermore, Instantly, the money is transferred from one account to another, without additional cost.

While the currency is missing in the country. Furthermore. Additionally, Furthermore, this Brazilian twint is revolutionary for André, who is one of the 42% of workers who live from the informal economy in Brazil. Meanwhile, “There is no more pix, brazilian twint defies united currency here,” he pix, brazilian twint defies united said in the show a whole world. Nevertheless, “Now you have to make the currency with 10 cents. Furthermore, The 50 cents and a real parts are over.”

Speed. absence of commissions – Pix. brazilian twint defies united

Physical shops or online purchase, transfer of money between individuals or even an invoice regulation: Pix has become the main means of payment of Brazilians and Brazilian. He has largely exceeded transactions by bank and cash cards, now representing 76% of banking interactions.

The payment system seduces customers and sellers thanks to the speed of payments and the absence of commissions on transactions. “With some credit cards. you only receive money in 10. 15 days and sometimes I lose 30 to 40 reais,” says Monica, who sells children’s dresses on the market.

The PIX application is now used more than credit cards pix, brazilian twint defies united in Brazil. [Reuters - Pilar Olivares]
The PIX application is now used more than credit cards in Brazil. Additionally, [Reuters – Pilar Olivares]

American anger

This revolutionary craze, however, caused Donald Trump’s ire. The Pix application of the Brazilian central bank is in direct competition with large American companies such as Visa. Mastercard, so much so that the White House has just launched an investigation in Brazil for “unfair practices”.

&gt. > Read also: The United States is launching an investigation against Brazil for possible “unfair commercial practices”

“Brazil has regularly tried to create. adapt its technologies to be autonomous in strategic sectors. And this creates certain frictions with Washington. ” said political scientist Gaspard Estrada, a member of the South Global Unit at the pix, brazilian twint defies united London School of Economics. “This was the case of Pix. but there is also. in the automotive industry, for example, the pix, brazilian twint defies united adoption of ethanol as an energy source for cars, a technology specific to Brazil.”

With 410 billion euros exchanged in April 2025, Pix stands out as a pillar of the Brazilian financial system. The magnitude of success has also pushed the WhatsApp company to abandon its local payment project. From now on, the United States fears that the BRIC countries will combine on Pix technology to counter American hegemony.

“There are two things that incorporate the Trump government. American interests a lot: the regulation of Big Tech. what Pix could represent in terms of damage to the overall banking system,” said economist Mauro Rochelin. “Pix could be the prototype of a system that can become international, free of charge and through a public system.”

Radio pix, brazilian twint defies united subject: Marine resse

Web adaptation: Emilie Délétroz

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Pix, brazilian twint defies united

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nova.caldwell
nova.caldwell
Nova covers Pacific-Northwest volcano science, turning seismograph squiggles into edge-of-seat cliffhangers.
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