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