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ave_b_2011
11 months ago
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Brazil's government-run payments system has become...
I don’t understand this binary. The UK was able to create a near-instant bank transfer system without monopolizing in the same way.
https://en.m.wikipedia.org/wiki/Faster_Payments
It costing more for instant transfers is just a regressive tax on the working poor.
xinayder
11 months ago
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I can't find the details of the UK system, but it's not "monopolized" in Brazil. Perhaps due to the fact that the infra is provided by the Central Bank, and banks choosing to implement Pix support must implement the Pix APIs in their system.
marcosdumay
11 months ago
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Everybody adopting an open protocol is "monopolizing" now...
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It costing more for instant transfers is just a regressive tax on the working poor.