
How Brazil's innovative 'Pix' payment system is angering Trump and Zuckerberg
In the streets of Rio de Janeiro one can find street vendors selling anything from popcorn to cigarettes to electronics, like charging cables and earphones. If you ask to pay with cash or a credit card, the response will most likely be, “Do you have Pix?” Brazil’s instant payment system works much like US payment apps like Zelle, but instead of being ruled by a consortium of banks it is controlled by the Brazilian Central Bank. To access the payment system, one only needs to have a Brazilian b...