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[–] 41 points 2 months ago* (last edited 2 months ago) (3 children)

If it's based on Brazilian PIX tecnology, then this article was 100% paid by international banking that are pissed they aren't getting a share from every transaction anymore... Trump actually put tariffs on Brazil because he claimed PIX to be unfair competition and harmful to American economy lol

https://restofworld.org/2025/pix-brazil-us-investigation-digital-payments/

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  • [–] 3 points 2 months ago

    It isn't until the very end of the article that they even bother to discuss the obvious approach to the fee on transactions -- a flat rate fee. Like I know some of the flat rate fees in Canada are around $0.04 per transaction -- no matter the dollar value of the transaction. Which is a huge profit margin, really, for banks -- cause they'll charge people like $3 if you're not their customer at an ATM, even though your withdrawal only costs them $0.04-$0.10 in network fees.

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