Trump administration proposes 25% tariffs on Brazil, citing "unreasonable'' trade practices

[Old Crank]

10. I read today that he wants Brazil to scrap their

electronic payment system. Pix.

It was launched by the Central Bank of Brazil and has changed how the country does transactions. It operated in real time and settles transactionsin under 10 seconds. It has surpased credit and debit cards and is now th country's most prefered payment system.

Users don't need bank details. They use a Pix key.
Transactions are free to individuals. Fees average 0.22% for merchants. Much cheaper than traditional credit cards.
81% of the adult population uses it and it has integrated 70 million unbanked citizens.

This is the reason it has drawn scutiny from other governments.

They have cut out the big international banksters so they are trying to kill it of trim it back.