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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

Lula urges Trump to lift 40% tariff on Brazilian goods as leaders plan meeting

Lula urges Trump to lift 40% tariff on Brazilian goods as leaders plan meeting

Brazilian President Luiz Inácio Lula da Silva asked US President Donald Trump to elim...
Brazil’s economy shows “unmistakable strength,” says central bank chief Galipolo

Brazil’s economy shows “unmistakable strength,” says central bank chief Galipolo

Brazil’s central bank chief, Gabriel Galipolo, said on Monday that he sees evident si...

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

Lula urges Trump to lift 40% tariff on Brazilian goods as leaders plan meeting

Lula urges Trump to lift 40% tariff on Brazilian goods as leaders plan meeting

Brazilian President Luiz Inácio Lula da Silva asked US President Donald Trump to elim...
Brazil’s economy shows “unmistakable strength,” says central bank chief Galipolo

Brazil’s economy shows “unmistakable strength,” says central bank chief Galipolo

Brazil’s central bank chief, Gabriel Galipolo, said on Monday that he sees evident si...