Brazil's beloved instant payment system faces scrutiny from the Trump administration
U.S. government claims of unfair trade practices for bypassing traditional credit networks like Visa and Mastercard.
https://apnews.com/article/brazil-payment-system-pix-investigation-credit-card-fd04428f309a2b329964a3050111e3ecOpen linkView original on lemmy.nz
18 replies
Then those companies can leave Brazil. What happened to free market?
In general, the U.S. govt will impose higher tariffs on your products. Or cut off funding for infrastructure or humanitarian projects.
The United Mafia of America
Hello China
Help! We can't extract wealth from Brazil! It's unfair!
Well that doesn't sound very "free market"...
always-has-been.jpeg
if it helps, the US is imperialistic towards its own citizens
I dream of seeing american politicians starving
PIX is awesome. Fuck credit card fees.
I mean it's basically QR direct transfers in banking apps. Most countries do it.
It's still awesome even (or especially) if everyone does it. Visa, Mastercard and the like are obsolete social parasites thanks to these services.
Also, you don't even need a QR code for PIX. Just knowing the person's phone number or CPF is enough.
YOU ARENT PAYING US FOR THR PRIVILEGE OF US ROBBING YPU BLIND, ITS UNFAIR, UNFAIR
Lol! Not even the English-speaking media is caring to pretend the US has any reason to look.
They even got into the trap of asking a Brazilian what he thinks of the "fraud risk" thing English-speakers talk so much about...
A better question is why the US can't figure out this kind of payment system. Isn't Trump supposed to be the crypto President?
It's very hard to figure out a solution when you directly profit from workarounds
Ah, I see why there's confusion... He's the criminal president and should be in a crypt ...
Wait until Europe does the same...