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asdfadf12 commented on Brazil's government-run payments system has become dominant   economist.com/the-america... · Posted by u/jcartw
WinstonSmith84 · 5 months ago
> Cryptocurrencies don't stand a chance.

Now, try to use Pix outside of Brazil - it's not even used in other Mercosur countries, what's the chance of having that adopted in other countries... And, that's problem #1.

How much do you trust your government with your money? A system like Pix don't stand a chance to get a worldwide adoption - maybe people are naive but governments won't unify to adopt a common system controlled by just a single entity / country.

What we may however end up with, are dozens of systems like Pix, one for each country, union, etc. Still cryptocurrencies as-is remain relevant (see point 1)

asdfadf12 · 5 months ago
>What we may however end up with, are dozens of systems like Pix,

Lol It's not that we may ended up like that, systems like Pix are built for the sole purpose of domestic transaction.

Globally, Visa / Mastercard trumps crypto.

u/asdfadf12

KarmaCake day4April 9, 2025View Original