Brazil's beloved instant payment system faces scrutiny from the Trump administration

https://apnews.com/article/brazil-payment-system-pix-investigation-credit-card-fd04428f309a2b329964a3050111e3ec

U.S. government claims of unfair trade practices for bypassing traditional credit networks like Visa and Mastercard.

77 points · 20 comments · view on lemmy.world

20 Comments

venusaur@lemmy.world · 43 pts · 86d (3 replies)

Then those companies can leave Brazil. What happened to free market?

throws_lemy@lemmy.nz · 7 pts · 86d (2 replies)

In general, the U.S. govt will impose higher tariffs on your products. Or cut off funding for infrastructure or humanitarian projects.

venusaur@lemmy.world · 7 pts · 86d

The United Mafia of America

tacoplease@lemmy.world · 1 pts · 85d

Hello China

SolarMyth@aussie.zone · 22 pts · 86d

Help! We can't extract wealth from Brazil! It's unfair!

_haha_oh_wow_@sh.itjust.works · 19 pts · 86d (1 reply)

Well that doesn't sound very "free market"...

circuitfarmer@lemmy.world · 7 pts · 85d

[ removed ]

umbrella@lemmy.ml · 16 pts · 86d (3 replies)

that's what US imperialism looks like most of the time, under threat of bombs and sanctions.

not a trump thing at all either. it's an US thing.

demonsword@lemmy.world · 4 pts · 85d (1 reply)

always-has-been.jpeg

umbrella@lemmy.ml · 4 pts · 85d

🌎 🧑‍🚀 🔫 🧑‍🚀 exactly.

includes every democrat since the dawn of time too.

stoly@lemmy.world · 2 pts · 86d

if it helps, the US is imperialistic towards its own citizens

Vandalismo@lemmy.world · 15 pts · 86d

I dream of seeing american politicians starving

Peruvian_Skies@sh.itjust.works · 14 pts · 86d (2 replies)

PIX is awesome. Fuck credit card fees.

BehavioralClam@lemmy.world · 2 pts · 85d (1 reply)

I mean it's basically QR direct transfers in banking apps. Most countries do it.

Peruvian_Skies@sh.itjust.works · 2 pts · 85d

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.

phoenixz@lemmy.ca · 12 pts · 85d

YOU ARENT PAYING US FOR THR PRIVILEGE OF US ROBBING YPU BLIND, ITS UNFAIR, UNFAIR

marcos@lemmy.world · 11 pts · 86d

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...

gedaliyah@lemmy.world · 10 pts · 86d (2 replies)

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?

Tar_alcaran@sh.itjust.works · 10 pts · 86d

It's very hard to figure out a solution when you directly profit from workarounds

tacoplease@lemmy.world · 2 pts · 85d

Ah, I see why there's confusion... He's the criminal president and should be in a crypt ...

Treczoks@lemmy.world · 4 pts · 85d

Wait until Europe does the same...