>>511065088
bros... (((American))) (((economist))) Paul (((Krugman))) is saying Brazil's payment system Pix is a gold thing. Which means it actally is a bad thing. What are the alternatives?
https://paulkrugman.substack.com/p/has-brazil-invented-the-future-of
>Brazil is, in fact, planning to create a CBDC. As a first step, back in 2020 it introduced Pix, a digital payment system run by the central bank.
>As I understand it, Pix is sort of like a publicly run version of Zelle, the payment system operated by a consortium of U.S. private banks. But Pix is much easier to use. And while Zelle is big, Pix has become simply huge, used by a reported 93 percent of Brazilian adults. It appears to be rapidly displacing both cash and cards: