Brazil’s Homegrown Payment System Is Target of Trump Administration
NegativeTechnology
Brazil's innovative digital payment system, PIX, has gained immense popularity for its speed and zero fees, but it has drawn criticism from the Trump administration. They argue that PIX undermines U.S. companies, raising concerns about fair competition in the global market. This situation highlights the tension between emerging technologies in different countries and the challenges traditional businesses face in adapting to new financial landscapes.
— Curated by the World Pulse Now AI Editorial System