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Trump Targets Brazil’s PIX as U.S.–Brazil Digital Payments Rift Deepens


by Anisha Pandey
for CoinEdition
trump-is-going-after-brazils-pix-what-does-it-mean-for-crypto
  • Pix, Brazil’s state-backed digital payments system, dominates over 80% of the country’s transactions.
  • The Trump administration alleges Pix unfairly disadvantages American firms like Visa.
  • Trump is significantly growing ties to crypto, doubling down with his family’s blockchain ventures.

Brazil’s PIX instant payment network, once hailed as a model for financial inclusion, is now at the center of a new trade and technology clash between Washington and Brasília. The Trump administration has accused PIX of undermining U.S. companies such as Visa and Mastercard, calling the system a “state-subsidized monopoly” that distorts global competition.

PIX Dominates Brazil’s Digital Economy

Offering instant transfers at zero cost to consumers, Pix has revolutionized finance in Latin America’s largest nation, as per a NY Times report

More than 180 million…

Read The Full Article Trump Targets Brazil’s PIX as U.S.–Brazil Digital Payments Rift Deepens On Coin Edition.

Read the article at CoinEdition

Read More

Trump Calls on ‘Too Late’ Powell, Urges Rate Cut From APEC Summit

Trump Calls on ‘Too Late’ Powell, Urges Rate Cut From APEC Summit

President Donald Trump has called on Fed Chair Jerome Powell to initiate another rate...
Rep. Ro Khanna to Propose Ban on Crypto Trading by President, Lawmakers, and Families

Rep. Ro Khanna to Propose Ban on Crypto Trading by President, Lawmakers, and Families

U.S. Congressman Ro Khanna (D-Calif.) is preparing to introduce legislation that woul...

Trump Targets Brazil’s PIX as U.S.–Brazil Digital Payments Rift Deepens


by Anisha Pandey
for CoinEdition
trump-is-going-after-brazils-pix-what-does-it-mean-for-crypto
  • Pix, Brazil’s state-backed digital payments system, dominates over 80% of the country’s transactions.
  • The Trump administration alleges Pix unfairly disadvantages American firms like Visa.
  • Trump is significantly growing ties to crypto, doubling down with his family’s blockchain ventures.

Brazil’s PIX instant payment network, once hailed as a model for financial inclusion, is now at the center of a new trade and technology clash between Washington and Brasília. The Trump administration has accused PIX of undermining U.S. companies such as Visa and Mastercard, calling the system a “state-subsidized monopoly” that distorts global competition.

PIX Dominates Brazil’s Digital Economy

Offering instant transfers at zero cost to consumers, Pix has revolutionized finance in Latin America’s largest nation, as per a NY Times report

More than 180 million…

Read The Full Article Trump Targets Brazil’s PIX as U.S.–Brazil Digital Payments Rift Deepens On Coin Edition.

Read the article at CoinEdition

Read More

Trump Calls on ‘Too Late’ Powell, Urges Rate Cut From APEC Summit

Trump Calls on ‘Too Late’ Powell, Urges Rate Cut From APEC Summit

President Donald Trump has called on Fed Chair Jerome Powell to initiate another rate...
Rep. Ro Khanna to Propose Ban on Crypto Trading by President, Lawmakers, and Families

Rep. Ro Khanna to Propose Ban on Crypto Trading by President, Lawmakers, and Families

U.S. Congressman Ro Khanna (D-Calif.) is preparing to introduce legislation that woul...