How Brazil's innovative 'Pix' payment system is angering Trump and Zuckerberg
France 24Thursday, July 31, 2025 at 9:58:53 AM
Brazil's "Pix" payment system has become a runaway success, used by everyone from small street vendors to big retailers—so much so that economist Paul Krugman called it the "future of money." But its rapid rise has ruffled feathers abroad, with former US President Donald Trump reportedly launching an investigation into the system. The global buzz around Pix is highlighting tensions over who controls the future of digital payments.
Editor’s Note: This isn't just about a cool new way to pay for things—it's a glimpse into the bigger battle over who gets to shape the next era of money. Pix's success challenges the dominance of US tech giants and traditional financial systems, which explains why powerful figures like Trump (and likely Zuckerberg, whose Meta has its own payment ambitions) are paying attention. For everyday people, though, it’s a sign that fast, low-cost digital payments aren’t just a luxury—they’re becoming the norm.
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