1 day ago
The caller attacks connected the Pix strategy by the U.S. authorities evolved into a concern that mightiness tilt the equilibrium toward immoderate of the candidates earlier the upcoming election, with President Lula starring successful prediction markets by a slim margin.
Pix Gets Into Political Commentary In Brazil As Elections Loom
Pix, 1 of the largest instant outgo networks successful the world, has go a meaningful contented successful Brazil arsenic the upcoming statesmanlike elections loom.
The system, which has implicit 175 cardinal users, is present successful the governmental spotlight, arsenic a caller study from the United States Trade Representative Office (USTR) has raised concerns astir the accrued usage of this web and its interaction connected backstage alternatives.
The study states that “industry representatives successful the United States person expressed interest that the Central Bank favors Pix, which would disadvantage US providers of physics outgo services. Furthermore, the Central Bank requires fiscal institutions with much than 500,000 accounts to follow the usage of Pix.” Big recognition giants, similar Visa and Mastercard, would beryllium pushing for measures to bring them to parity with Pix.
President Luiz Inácio Lula da Silva has defended Pix, adjacent if U.S. authorities could authorisation it successful the future, arsenic it could distort planetary commercialized by weakening the dollar.
Lula stated:
“What’s important for america to accidental to anyone who wants to perceive is: Pix belongs to Brazil, and nobody, nobody, is going to marque america alteration Pix due to the fact that of the work it’s providing to Brazilian society.”
Later, respective posts connected societal media accused the Senator and statesmanlike campaigner Flavio Bolsonaro of seeking to extremity the Pix system, seen arsenic a earthy state of President Trump and the American government. Nonetheless, Bolsonaro swiftly denied these claims, stating that Pix was “already a Brazilian asset, a precise important bequest created by President Jair Messias Bolsonaro.”
At the aforesaid time, Bolsonaro accused President Lula of intending to taxation Pix transactions. “With Bolsonaro, Pix is free of charge, without tax. But the PT and Lula’s imagination is to taxation Pix,” helium stressed.
Nobel Laureate Paul Krugman praised Pix, calling it the “future of money,” highlighting that the fiscal incumbents person excessively overmuch powerfulness and would not let a nationalist strategy to vie with their products.
FAQ
-
Why is the U.S. acrophobic astir Brazil’s Pix network? The USTR claims that Brazil’s mandate favoring the Pix strategy unfairly disadvantages backstage American physics outgo providers similar Visa and Mastercard.
-
How is President Lula responding to planetary pressure? President Lula firmly defended the outgo network, stating that Brazil volition not change the nationalist strategy contempt imaginable U.S. sanctions.
-
What is statesmanlike campaigner Flavio Bolsonaro’s stance connected Pix? Senator Bolsonaro denied rumors that helium plans to dismantle the network, alternatively claiming it arsenic a blimpish bequest and accusing President Lula of wanting to taxation its transactions.
-
How bash planetary economists presumption the Brazilian outgo system? Nobel Laureate Paul Krugman precocious praised Pix arsenic the “future of money” that successfully challenges the powerfulness of accepted fiscal monopolies.
English (US) 