How Brazil's innovative 'Pix' payment system is angering Trump and Zuckerberg

https://www.france24.com/en/americas/20250731-how-brazil-innovative-pix-payment-system-is-angering-trump-zuckerberg

11•pseudolus•2mo ago

Comments

jqpabc123•2mo ago

“may harm the competitiveness of American companies”

Sort of like tariffs harm the competitiveness of companies from outside the USA?

"America First" knows no shame.

SilverElfin•2mo ago

The new slogan is “America First, America Only” or AFAO, as I have seen it. It was created and made popular by Nick Fuentes’s groyper following, but is now repeated by mainstream right wing influencers like Matt Walsh or Tucker Carlson, and several GOP politicians who are currently pushing for immigration bans. It’s being used to argue for stopping the minor funding going to Israel, for banning H1B visas, for destroying alliances via tariffs, for undoing citizenship of legal immigrants, and worse things.

And yes, the extremism that is currently rising with the “right wing civil war” knows no shame.

jqpabc123•2mo ago

This goes against everything this country was built on --- and of course, his own family was a beneficiary.

chiefalchemist•2mo ago

This has been the best thing the government has ever done for Brazil's poorest by far,” according to Márcio Garcia, an economics professor at Pontifical Catholic University of Rio de Janeiro.

A single centralized system? Controlled by the Brazilian Central Bank? That is effective not optional? Is sold as a benefit for the already marginalized and repressed?

Is this 2026, or 1984?

ChrisArchitect•2mo ago

Article from July?

Some more coverage in September:

Brazil's Homegrown Payment System Is Target of Trump Administration

https://www.nytimes.com/2025/09/29/world/americas/brazil-dig...

SilverElfin•2mo ago

India has something similar I recall. I think it’s a huge positive and the only viable way to break through the duopoly of Visa and Mastercard. At the same time, government control and surveillance concerns are a real problem that should be addressed.

sema4hacker•2mo ago

Free to individuals, very low merchant fee, and instant settlement. Sounds good to me.

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